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Actavis to Buy Warner Chilcott for $5 Billion in Stock

Drug maker Actavis Inc. (ACT) agreed to acquire Warner Chilcott PLC (WCRX) for about $5 billion in an all-stock deal aimed at enlarging Actavis's portfolio of specialty pharmaceutical brands--and shrinking its tax burden.The deal follows reports that Actavis itself was targeted for a takeover by potential bidders including Valeant Pharmaceuticals Inc. (VRX) and Mylan Inc. (MYL). If the Actavis-Warner Chilcott deal is completed, Actavis's lower tax rate could help it better compete with Valeant and others in search of further deals as the generic-drug and specialty-pharmaceutical sectors undergo consolidation.Companies selling niche pharmaceutical brands and low-cost generics are seeking to beef up through mergers and acquisitions to grapple with pricing pressure in developed markets including the U.S. and western Europe, and to capitalize on opportunities for stronger sales growth in emerging markets including Russia and China. Also, a wave of patent expirations for big-selling branded...

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  1. Actavis to Buy Warner Chilcott For $5 Billion in Stock

    Drug maker Actavis Inc. (ACT) agreed to acquire Warner Chilcott PLC (WCRX) for about $5 billion in an all-stock deal aimed at enlarging Actavis's portfolio of specia...

  2. Drugmaker Actavis in Talks to Buy Warner Chilcott

    Generic drugmaker Actavis Inc, formerly Watson Pharmaceuticals, said on Friday that it was in early stage discussions to buy specialty pharmaceutical company Warner ...

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    The U.S. Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by making deals to keep cheaper...

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