Warner Chilcott in Acquisition by Actavis

May 20, 2013

Cleary Gottlieb is representing Deutsche Bank Securities, as financial advisor to Warner Chilcott plc, in the acquisition by Actavis of Warner Chilcott. The stock-for-stock transaction, valued at approximately $8.5 billion, will, if successful, create a leading global specialty pharmaceutical company combined under a new company incorporated in Ireland, where Warner Chilcott is currently organized. The acquisition, which will be effected by means of a “scheme of arrangement” under Irish law and a simultaneous cross-conditioned holding company merger under Nevada law, was announced May 20 is expected to close by year end.