Actavis' acquisition of Warner Chilcott recommended by advisory firms

Actavis (ACT) announced that all three leading independent proxy advisory firms have recommended that Actavis shareholders vote in favor of adopting the transaction agreement in which Actavis will acquire Warner Chilcott (WCRX) through the formation of a new holding company incorporated in Ireland, expected to be named Actavis plc. Actavis' proposed acquisition of Warner Chilcott is the subject of a special meeting of Actavis shareholders, which will be held on September 10 at 9:00 a.m. Eastern Daylight Time, at the Parsippany Hilton in Parsippany, N.J. The meeting is being held to seek shareholder approval of the transaction agreement and the merger and related matters.