Warner Chilcott PLC ('Warner Chilcott' or the 'Company') Statement with Respect to Possible Offer for Warner Chilcott
Monday September 20, 2:53 am ET
CRAIGAVON, Northern Ireland, and ROCKAWAY, N.J., Sept. 20
/PRNewswire-FirstCall/ -- Warner Chilcott PLC ("Warner Chilcott")
(Nasdaq: WCRX, LSE: WCRX).
The board of Directors has noted the recent speculation in the media regarding the possibility of an offer for the Company. The board can confirm that they have received an approach from a consortium of private equity houses which may or may not lead to an offer, at an indicative cash price of 800p per share, being made for the entire issued share capital of Warner Chilcott.
The board, other than Roger Boissonneault, the Chief Executive Officer, who in view of the nature of the approach is not currently participating in these deliberations, is considering the appropriate response to this approach.
The board wish to make clear that the approach they have received is preliminary in nature and is subject to, inter alia, various pre-conditions including financing and due diligence. There can be no certainty that an offer will actually be made. Furthermore, there can be no certainty as to the level of any offer. A further announcement will be made in due course, if appropriate |
