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.
