Goldman Sachs, Morgan Stanley, JPMorgan, Credit Suisse lead Warner Chilcott's secondary share offering

Posted on: Fri, 20 Nov 2009 04:12:00 EST


Symbols: MS, C, JPM, GS, DB, WCRX
Nov 20, 2009 (M2 EQUITYBITES via COMTEX) --
WCRX | Quote | Chart | News | PowerRating -- 20 November 2009 - A group of underwriters, led by Goldman Sachs
(NYSE: GS | Quote | Chart | News | PowerRating), JPMorgan (NYSE: JPM | Quote | Chart | News | PowerRating), Morgan Stanley (NYSE: MS | Quote | Chart | News | PowerRating) and Credit
Suisse (VTX:CSGN) will help the secondary share sale of Warner Chilcott
plc (NASDAQ:WCRX), the latter said on Thursday when it priced the
offering.

The Irish specialty pharmaceutical firm is offering 20 million of its
ordinary shares at USD22.25 (EUR14.90) apiece in a transaction
co-managed by BofA Merrill Lynch, Barclays Capital, Citi (NYSE: C | Quote | Chart | News | PowerRating),
Deutsche Bank Securities and UBS Investment Bank.

The selling shareholders, among them funds affiliated with Bain Capital
Partners, DLJ Merchant Banking, JP Morgan Partners and Thomas H Lee
Partners, have granted the underwriters a 30-day greenshoe option to
buy no more than three million additional shares, if demand proves
stronger than anticipated.

The offering is expected to close on 25 November 2009.

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For full details on Warner Chilcott Ltd Cl A (WCRX) WCRX. Warner Chilcott Ltd Cl A (WCRX) has Short Term PowerRatings at TradingMarkets. Details on Warner Chilcott Ltd Cl A (WCRX) Short Term PowerRatings is available at This Link.

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