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Johnson & Johnson Pay $1 Billion For 18% Stake In Elan

By: MarketMinute.com Stock News
Shares of Ireland-based Elan Corp. (NYSE: ELN) surged 95 cents to $7.95 after Johnson & Johnson (NYSE: JNJ) paid $1 billion to take an 18% stake in the drug research firm. Johnson & Johnson stock lost 92 cents to $56.15.

Related Stocks:
Johnson & Johnson
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