Actavis (ACT) confirms it will buy Warner Chilcott (WCRX) for $8.5B in a stock for stock...

|By:, SA News Editor

Actavis (ACT) confirms it will buy Warner Chilcott (WCRX) for $8.5B in a stock for stock transaction. The deal will see Warner Chilcott shareholders receive 0.160 shares of the "new" Actavis for each Warner Chilcott share they own. The combined company will become the third-largest specialty pharmaceutical player in the U.S.