Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Warner Chilcott Plc (WCRX) News: Actavis Inc (ACT) Update, £18 Million Gain & More

Editor’s Note: Warner Chilcott Plc (NASDAQ:WCRX), Actavis Inc (NYSE:ACT)

Actavis to buy Warner Chilcott in $5 billion stock deal (Reuters)
Generic drugmaker Actavis Inc (NYSE:ACT), itself the subject of takeover speculation, said on Monday it would buy specialty pharmaceutical company Warner Chilcott Plc (NASDAQ:WCRX) for $5 billion in stock to expand its branded drug portfolio, lower taxes and increase profits. Warner Chilcott Plc (NASDAQ:WCRX) brings a portfolio of branded women’s health pharmaceuticals, such as the contraceptive patch to Actavis Inc (NYSE:ACT), which makes and sells drugs that are no longer under patent protection.

Warner Chilcott Plc (NASDAQ:WCRX)

John King set for £18m windfall from Warner Chilcott takeover (BBC)
A former lecturer from Queen’s University Belfast is set to make more than £18m from the takeover of the pharmaceutical firm, Warner Chilcott Plc (NASDAQ:WCRX). It will be the second fortune John King has made from the business that he helped to build. He made more than £100m when the business was sold to two private equity funds in 2004. His remaining shareholding is valued at £18m based on the deal struck on Monday with generic drugmaker Actavis Inc (NYSE:ACT).

Shares grind higher, yen rebounds on minister’s remarks (Reuters)
Global equity markets resumed this year’s rally on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan’s economy minister suggested the currency might have weakened enough. In another deal, generic drugmaker Actavis Inc (NYSE:ACT), itself the subject of takeover speculation, said it would buy specialty pharmaceutical company Warner Chilcott Plc (NASDAQ:WCRX) for $5 billion in stock. Actavis Inc (NYSE:ACT) rose 2.7 percent to $128.89, while Warner Chilcott Plc (NASDAQ:WCRX) gained 3.33 percent to $19.85.

Warner Chilcott Downgraded to Hold at Needham & Company (WCRX) (MideastTime)
Warner Chilcott Plc (NASDAQ:WCRX) was downgraded by research analysts at Needham & Company from a “buy” rating to a “hold” rating in a report released on Monday, reports. Warner Chilcott Plc (NASDAQ:WCRX) traded up 2.50% on Monday, hitting $19.69. Warner Chilcott Plc (NASDAQ:WCRX) has a 1-year low of $10.85 and a 1-year high of $23.28. The stock’s 50-day moving average is currently $13.5. The company has a market cap of $4.938 billion and a price-to-earnings ratio of 11.93.

Bulls return for dose of Warner Chilcott (Nasdaq)
Irish drug maker Warner Chilcott Plc (NASDAQ:WCRX) rallied earlier this month, and the bulls are back today. optionMONSTER’s Heat Seeker monitoring program detected the purchase of 6,000 July 19 calls for $1.82 and the sale of an equal number of October 16 puts for $0.82. Volume was more than 4 times open interest at each strike, indicating new activity.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!