Royalty Pharma takeover bid fails to find Elan ecceptance

DUBLIN/ WASHINGTON Ireland-based biotechnology firm Elan Thursday rejected Royalty Pharma's increased $6.4 billion takeover bid, shortly after the U.S. firm cut the acceptance bar for its latest offer to 50 percent plus one share. Royalty raised its hostile cash bid to $12.50 per share on Monday, from $11.25 previously, but made the new offer conditional on Elan shareholders rejecting, at a ...

UK urged by IMF to bring forward high value spending

LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

Christian Brothers to pay millions of dollars to abuse victims in US and Canada

The law firm that represented 92 of those affected said the settlement would still allow abuse survivors to continue legal actions. Photograph: Getty ...

Shatter to face breath test incident questions

Alan Shatter will face further searching questions from political opponents after he confirmed yesterday he failed to complete a breathalyser test because of an asthmatic condition when returning home from the Dil some five years ...

Eucharist is not an ace card to be dealt in debate

Episcopal Ordination of Eamon Martin as Coadjutor Archbishop of Armagh by Cardinal Sen Brady at Saint Patrick's Cathedral, Armagh, last month. "Archbishop Martin would appear to be operating with a 19th century devotional understanding of the Eucharist that is both private and personal." Photographer: Dara Mac ...