Micron Technology, Inc. (MU), Theravance Inc (THRX): Here’s What Superinvestor Seth Klarman Has Been Buying

Finally, Baupost’s biggest closed positions included Elan Corporation, plc (ADR) (NYSE:ELN) and News Corp. Ireland-based biotech company Elan is being bought by Michigan-based drug company Perrigo for $8.6 billion. One benefit for Perrigo will be headquartering the new company in Ireland, which will cut its tax rate from around 30% to around 17%. Elan Corporation, plc (ADR) (NYSE:ELN) had previously been pursued by Royalty Pharma, whose offers had been deemed too low. It has also been in the news as a stock that investors at the scandal-ridden hedge fund SAC Capital allegedly traded in, with insider information. Generic-drug specialist Perrigo’s recently ended fourth quarter featured revenue up 16% and earnings up 12%. It has experienced some labeling problems with infant formula in China and has been facing competitive threats such as a major retailer promoting name brands.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing, and 13F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What Superinvestor Seth Klarman Has Been Buying originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, holds shares of Apple. The Motley Fool recommends and owns shares of Apple.

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