Monday, April 30, 2012

Reuters: Mergers News: Warner Chilcott weighs sale, other options -report

Reuters: Mergers News
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Warner Chilcott weighs sale, other options -report
Apr 30th 2012, 07:00

April 30 | Mon Apr 30, 2012 3:00am EDT

April 30 (Reuters) - Warner Chilcott is evaluating options, including a possible sale of the company, after receiving interest from strategic and private-equity buyers, Bloomberg News reported on Monday.

Goldman Sachs is helping the Nasdaq-listed drugmaker assess interest, said the news service, citing people with knowledge of the matter. Warner Chilcott is also considering paying a dividend as an alternative to a sale, one person said.

Warner Chilcott's stock rose 8 percent to $18.79 on Friday on takeover speculation, giving it a market capitalisation of $4.7 billion, after the Times of London said in a market report there was talk Bayer might bid $32 a share.

Reuters reported on April 25 that Bayer was nearing a multibillion-dollar acquisition to bolster its healthcare division, citing three people close to the planned transaction.

Warner Chilcott focuses on women's health care, dermatology, urology and gastroenterology.

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