StockData.org - Arbitrage Opportunities

Current trading price/sh: $6.19
From Reuters:
“Dow Jones reported that Lundbeck A/S a Danish pharmaceutical company, is interested in buying Elan Corporation, plc, the Irish Independent reported, without citing sources.” (source)
From WSJ on Feb 9:
“Elan Corp. (ELN) said Monday that Citigroup Global Markets Inc.’s strategic review of the drug company’s options will be ready in around 10 [...]

Drugmaker Elan (ELN) said it wants to merge with someone and has hired advisers (Citigroup Global Markets) to review their options. Elan is Ireland’s largest drugmaker.
It is reviewing options such as a “…minority investment, an alliance, or a merger or sale of the company.”
The stock has been down and critics blame weak sales and company [...]