Warner Chilcott closes $3.1B buyout of P&G unit
Warner Chilcott closes $3.1 billion buyout of Procter & Gamble's drug unit
- On 10:29 am EDT, Friday October 30, 2009
NEW YORK (AP) -- Warner Chilcott, which makes women's health and dermatology products, said Friday it completed the $3.1 billion buyout of Procter & Gamble's global branded prescription drug unit.
The transaction was announced in August. With the deal, Warner Chilcott gains a portfolio of products worth about $2.3 billion in annual revenue including blockbuster osteoporosis drug Actonel.
Warner Chilcott, based in Ireland, said it used cash on hand and new senior secured credit facilities to finance the buyout.
Shares of Warner Chilcott added 51 cents, or 2.3 percent, to $22.73 in morning trading.
Related Headlines
- WARNER CHILCOTT PLC Files SEC form 8-K, Entry into a Material Definitive Agreement, Other Events, Financial Statement - EDGAR Online
- P.&G. May Slow Down Deal-Making, Financial Chief Says - at The New York Times
- P&G repurchasing shares, quiet on potential deals - Reuters
- Warner Chilcott prices secondary stock offering - AP
- Warner Chilcott Prices Secondary Equity Offering - PR Newswire
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