BRIEF-Actavis says to buy Warner Chilcott for $8.5 bln

Mon May 20, 2013 7:05am EDT

May 20 (Reuters) - Actavis Inc : * Recommended offer for Warner Chilcott by Actavis * Will acquire Warner Chilcott Plc in a stock-for-stock transaction valued at

approximately $8.5 billion * Warner Chilcott shareholders will receive 0.160 shares of new Actavis for

each Warner Chilcott share they own * Offer equates to a value of $20.08 per Warner Chilcott share * Directors of Actavis and Warner Chilcott believe that combined co will have

annual revenues of about $11 billion * Transaction is expected to be more than 30 per cent accretive to Actavis

non-GAAP earnings per share in 2014 * Source text for Eikon:

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