A PYMNTS Company

US: Stocks rise on $8.5B drug maker buyout

By  |  May 20, 2013
US: Stocks rise on $8.5B drug maker buyout

Generic drug company Actavis announced Monday plans to buy Warner Chilcott for $8.5 billion in an all-stock buyout leading to a rise in shares for both companies. According to a press release offered by Actavis, the deal will lead to a new conglomerate generating $11 billion in annual revenue. According to the generic drug company, the move is part of its agenda to strengthen its specialty pharmaceutical operations. Actavis made a $5.9 billion buyout of Watson Pharmaceuticals last October, launching the company onto the global stage.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Investors Today

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.