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Warner Chilcott plc Message Board

  • billberggren billberggren Sep 11, 2012 11:06 PM Flag

    Special 42,000,000 share offering? What is this

    I am trying figure this out. Maybe they made a deal months ago. Maybe they did not want to get into a class action lawsuit on a low buyout offer. Maybe, they got a better deal for themselves rather than selling the whole company. It will be interesting to see the price this goes for, I guess tomorrow or soon. They issue a special dividend, get $4 then sell to another firm. I wonder if they signed the agreement first, then did the special. Is it for tax purposes? As dividends are taxed at 15%. Seems really strange. They were saying Bayer might offer $32 per share. However, do it this way Bayer might give them $40. But at least it did not affect our shares. This actually might be the responsible way to do it.

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