Elan affiliate Athena files for IPO
Elan Corp of Ireland's indirect wholly-owned subsidiary AthenaDiagnostics has filed a registration statement with the US Securities and Exchange Commission for an initial public offering of its common stock, par value $0.01 per share.
The proposed offering will involve only the sale of a portion of the existing shares of common stock held in Athena by its sole shareholder, Elan Pharmaceuticals. It is anticipated that the offering will start in early-2002, with UBS Warburg LLC as the lead underwriter.
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