Warner Chilcott PLC ('Warner Chilcott' or the 'Company') Statement Regarding Offer Discussions
CRAIGAVON, Northern Ireland and ROCKAWAY, N.J., Oct. 25 /PRNewswire- FirstCall/ -- The Company notes the recent press comment in relation to the status of offer discussions. The Company confirms that it has received an approach from a party concerning an offer for the Company at a price of 837p per Ordinary Share subject to certain pre-conditions. Discussions with this party are ongoing. As previously announced, two other parties have expressed interest in putting forward an offer for the Company. Discussions with these parties are also continuing and the Company will make a further announcement as soon as possible. This statement is not made with the agreement or approval of any of the parties referred to in it as being in discussions with the Company. There can be no certainty that an offer will be put forward for the Company or as to the terms of any offer that may be made. Enquiries: Warner Chilcott PLC Telephone +44 (0) 28 3836 3620 John King Geoffrey Elliott Hoare Govett Limited (joint Telephone +44 (0) 20 7678 8000 financial adviser and corporate broker) Andrew Chapman Justin Jones Andrew Foster Greenhill & Co International LLP Telephone +44 (0) 20 7440 0400 (joint financial adviser) Simon Borrows Brian Cassin Financial Dynamics Telephone +44 (0) 20 7831 3113 Andrew Dowler Hoare Govett Limited and Greenhill & Co. International LLP are acting for Warner Chilcott and no one else in connection with the possible offer and will not be responsible to any other person for providing the protections afforded to clients of Hoare Govett Limited or Greenhill & Co. International LLP or for providing advice in relation as to any offer. Rule 8 notices Any person who, alone or acting together with any other person(s) pursuant to any agreement or any understanding (whether formal or informal) to acquire or control securities of Warner Chilcott PLC, owns or controls, or becomes the owner or controller, directly or indirectly, of one per cent or more of any class of securities of Warner Chilcott PLC, is generally required under the provisions of Rule 8 of The City Code on Takeovers and Mergers (the "Code") to notify a Regulatory Information Service (as specified in the Listing Rules of the UK Listing Authority) and the Panel on Takeovers and Mergers by no later than 12.00 noon (London time) on the business day following the date of the transaction of every dealing in such securities from 20 September 2004 until the first closing date of any offer or, if later, the date when any offer becomes or is declared unconditional as to acceptances or lapses (the "offer period"). Dealings by Warner Chilcott PLC and or by its "associates" (within the meaning of the Code) in any class of securities of Warner Chilcott PLC during the offer period must also be disclosed. Please consult your financial adviser immediately if you believe this Rule may be applicable to you.
SOURCE Warner Chilcott PLC
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