Elan shareholders given a boost

IT was like the good old days for Elan shareholders, with a €1.4 billion rise in the value of the company’s stock in the last two days.

In the old days, a significant move in Elan had a major bearing on the ISEQ.

The index was up 1.52% yesterday, another beneficiary of Elan’s 54% price rise in the last two days. Elan’s share price closed at €10.65, up from Tuesday’s opening price of €6.90. Back in June 2001, Elan was the most valuable company traded on the Irish Stock Exchange, with a market capitalisation of more that €23 billion.