Monday, May 20, 2013

Actavis to Buy Warner Chilcott in $8.5 Billion Stock Deal

 Published: Monday, 20 May 2013 | 8:11 AM ET

By: Reuters With

Generic drugmaker Actavis, which has been the subject of intense takeover speculation, said on Monday that it had struck a deal to buy specialty pharmaceuticals company Warner Chilcott for $8.5 billion in stock.

The move comes as Actavis has spurned approaches from Canadian pharmaceutical company Valeant Pharmaceuticals International and Mylan. Analysts have said that if Actavis were to buy Warner Chilcott, it would kill the chances of its being taken over.

No comments: