Magnetar Financial LLC: Form 8.3 - Elan Corporation Plc

FORM 8.3 


                             IRISH TAKEOVER PANEL                              
    DISCLOSURE UNDER RULE 8.3 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER   
                           RULES, 2007 (AS AMENDED)                            

 DEALINGS BY PERSONS WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR  
                                     MORE                                      

1. KEY INFORMATION

Name of person dealing (Note 1)                          Magnetar Financial  
                                                         LLC                 


                                                                         
Company dealt in                                         Elan Corporation PLC 
                                                                         
Class of relevant security to which the dealings being   US ADR              
disclosed relate (Note 2)                                                     
                                                                         
Date of dealing                                          July 17, 2013        
2. INTERESTS AND SHORT POSITIONS 
(a) Interests and short positions (following dealing) in the class of relevant
security dealt in(Note 3) 
Class of relevant security:              Elan Corporation PLC ADR             


                                                                             
                                     Interests            Short positions    
                                                                             
                                   Number         %         Number        %  


                                                                         
(1) Relevant security            4,432,676      .87%                          
                                                                         
(2) Derivatives (other than                                                  
options):                                                                     
                                                                         
(3) Options and agreements to    1,500,000      .29%                         
purchase/sell:                                                                
                                                                         
TOTAL:                           5,932,676      1.16%                         
(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3) 
Class of relevant security:                                                   


                                                                             
                                     Interests            Short positions    
                                                                             
                                    Number        %        Number         %  


                                                                         
(1) Relevant security                                                         
                                                                         
(2) Derivatives (other than                                                  
options):                                                                     
                                                                         
(3) Options and agreements to                                                
purchase/sell:                                                                
                                                                         
TOTAL:                                                                        
3. DEALINGS (Note 4) 
(a) Purchases and sales 


            Purchase/sale             Number of relevant    Price per unit   
                                          securities           (Note 5)      
                                                                             
              Purchase                      250,000             14.0980      
                                                                             
              Purchase                      64,488              14.0942      

(b) Derivatives transactions (other than options transactions)
    Product description     Nature of transaction   Number of     Price per  
         e.g. CFD                  (Note 6)         relevant    unit (Note 5)
                                                   securities                
                                                     (Note 7)                
                                                                             

(c) Options transactions in respect of existing relevant securities

(i) Writing, selling, purchasing or varying

Product name e.g.  Writing,   Number of  Exercise    Type    Expiry  Option  
   call option     selling,   securities   price     e.g.     date   money   
                  purchasing,  to which            American,         paid/   
                    varying     option             European         received 
                     etc.      relates               etc.           per unit 
                                                                             

(ii) Exercising
             Product name                   Number of      Exercise price per
           e.g. call option                securities        unit (Note 5)   
                                                                             

(d) Other dealings (including transactions in respect of new securities.
(Note4)
          Nature of transaction                Details        Price per unit 
                (Note 8)                                     (if applicable) 
                                                                 (Note 5)    
                                                                             

4. OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives

Full details of any agreement, arrangement or understanding between the      
person disclosing and any other person relating to the voting rights of any  
relevant securities under any option referred to on this form or relating to 
the voting rights or future acquisition or disposal of any relevant          
securities to which any derivative referred to on this form is referenced. If
none, this should be stated.                                                 
                                                                             

Is a Supplemental Form 8 attached? (Note 9)                         YES      

Date of disclosure:                    July 18, 2013                         


                                                                         
Contact name:                          Julianna Ethell                        
                                                                         
Telephone number:                      (847) 905-4688                         
                                                                         
If a connected EFM, name of offeree/                                         
offeror with which connected                                                  
                                                                         
If a connected EFM, state nature of                                          
connection (Note 10)                                                          


                                           SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL
                                     ETC.                                      
             Note 5(i) on Rule 8 of the Takeover Code (the "Code")             

1. KEY INFORMATION

Identity of person whose open positions are    Magnetar Financial LLC        
being disclosed:                                                             


                                                                         
Name of offeror/offeree in relation to whose   Elan Corporation Plc          
relevant securities the disclosure relates:                                   
2. OPTIONS AND DERIVATIVES 
 Class of    Product   Written or  Number of s Exercise     Type     Expiry  
 relevant  description  purchased   ecurities  price per    e.g.      date   
 security   e.g. call               to which     unit    American,            


             option                 option or             European           
                                   derivative               etc.             
                                     relates                                 


                                                                         
ADR        Call Option Purchased   1,000,000   11.00     American   July 20,  
                                                                2013      
                                                                         
ADR        Call Option Purchased   500,000     10.00     American   July 20,  
                                                                2013      
                                                                         
ADR        Call Option Written     1,169,000   16.00     American   July 20,  
                                                                2013      
                                                                         
ADR        Put Option  Purchased   1,500,000   10.00     American   July 20,  
                                                                2013      
                                                                         
ADR        Put Option  Purchased   1,260,900   12.00     American   July 20,  
                                                                2013      
                                                                         
ADR        Call Option Written     585,300     16.00     American   August    
                                                                17, 2013  
                                                                         
ADR        Put Option  Purchased   585,300     12.00     American   August    
                                                                17, 2013  
                                                                         
ADR        Put Option  Purchased   316,000     14.00     American   July 20,  
                                                                2013      
3. AGREEMENTS TO PURCHASE OR SELL ETC. 
Full details should be given so that the nature of the interest or position  
can be fully understood:                                                      
                                                                          
It is not necessary to provide details on a Supplemental Form (Open Positions)
with regard to contracts for differences ("CFDs") or spread bets. 
The currency of all prices and other monetary amounts should be stated. 
The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's dealing disclosure requirements on +44 (0)20 7638 0129. 
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk . 
END 
-0- Jul/18/2013 14:15 GMT
 
 
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