Industryweek 4412 Actavis Promo
Industryweek 4412 Actavis Promo
Industryweek 4412 Actavis Promo
Industryweek 4412 Actavis Promo
Industryweek 4412 Actavis Promo

US Drugmaker Actavis to Spend $8.5 Billion on Irish Rival

May 20, 2013
Deal will create a specialty pharmaceutical company with approximately $11 billion in combined annual revenue, focused on women's health, gastroenterology, urology and dermatology.

DUBLIN -- U.S. pharmaceutical company Actavis has agreed to an all-stock takeover of Irish rival Warner Chilcott, the pair announced on Monday.

"Actavis, Inc. and Warner Chilcott plc today announced they have entered into a definitive agreement under which Actavis will acquire Warner Chilcott plc in a stock-for-stock transaction valued at approximately $8.5 billion," a joint statement said.

The deal will create "a leading global specialty pharmaceutical company with approximately $11 billion in combined annual revenue" -- focused on women's health, gastroenterology, urology and dermatology, the companies said.

"We have set as our strategic corporate objective to build a leading global specialty pharmaceutical company," said Actavis chief executive Paul Bisaro.

"The combination of Actavis and Warner Chilcott creates a strong specialty brand portfolio focused in therapeutic categories with strong growth potential, and is supported by a deep pipeline of development programs," he added.

Copyright Agence France-Presse, 2013

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!