Irish Sun news

Actavis buying Warner Chilcott in $8.5bn deal

WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...
Elderly cyclist killed in collision with car

A man in his 80s has been killed in a road traffic accident in Co. Kildare. The man was riding a bicycle when he was struck by a car on the Dublin Road at Clane on Sunday afternoon. The driver of the car, reportedly in his twenties, attended Naas Garda Station for questioning but left the station on Sunday night without any charges being laid. A post-mortem is expected to be carried out on ...
Busy weekend for Enda Kenny in United States

Taoiseach Enda Kenny has spent the weekend in Boston, Massachusetts furthering the strength of U.S. -Ireland relations. The head of Ireland's government attended a function on Saturday at the JFK Library to commemorate the 50th Anniversary of President Kennedy's 1963 visit to Ireland At the ceremony Kenny addressed an audience of U.S. lawmakers and representatives of the business ...
Gardai appeal for information on death of young man in Dublin

Gardai have issued an appeal to the public for any information concerning a man whose body was found on Friday night in Dublin. The 37 year-old man, whose identity has not yet been disclosed, was reportedly shot in the back of his head. The man whose body was found in a field near Killanarden Hill around 9:00pm on Friday night had been missing for some weeks. Gardai have begun a murder ...
Irish cricketers could be heading to Pakistan

Ireland has given hope of reviving international cricket in Pakistan after it reportedly agreed to consider visiting the country to reciprocate Pakistan's one-day international (ODI) tour of Ireland. At a time when all the Test playing nations have written-off touring Pakistan, the International Cricket Council's (ICC) associate member Cricket Ireland (CI) gave a positive response on that ...

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Rampart

It wouldnt be hard to view Oren Movermans Rampart and Steve McQueens Shame as companion pieces about moral depravity taking place on opposing coasts. While Rampart is set in the stifling heat of Los Angeles and Shame takes place during a chilly New York winter, both f ... ...

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McDowell talks up Rory McIlroy split with Horizon

Northern Irish golfer Graeme McDowell has defended his slip about World No.2 Rory McIlroy leaving his management company, saying that although the move is not yet confirmed, it is already being much talked about in the golfing world. For weeks there have been whispers at big events in America that McIlroy is about to leave Horizon, the Dublin-based management agency that negotiated his 20 ...
Sentencing in robbery cases ’relatively consistent’ new report by Irish Sentencing Information System finds

Sentencing in robbery cases has been relatively consistent, with the offence most commonly attracting a sentence of one to five years, according to a new ...
Shatter’s robust defence of Wallace revelation causes unease in Labour

The robust defence by Minister for Justice Alan Shatter of his revelation that Independent TD Mick Wallace escaped penalty points for using a mobile phone while driving has created some unease within ...
Coalition’s credibility at stake in new pay deal

Minister for Finance Michael Noonan and Minister for Public Expenditure Brendan Howlin. Tough exchanges between the Government and the troika on a revised Croke Park deal can be expected. Photograph: Alan ...
NUI Galway and charity to run postgraduate cardiology course

NUI Galway plans to provide postgraduate training in cardiovascular disease prevention in a community partnership with the heart and stroke charity Cro. The new master's course in preventive cardiology will be the first of its type in the State, according to NUIG, and one of only two of its kind in the world. The founder course in this area at ...

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Actavis buying Warner Chilcott in $8.5bn deal

WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country.

Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in shares to Warner Chilcott investors.

The agreement values each Warner Chilcott share at $20.08, a 4.5 per cent premium over the stock's closing price on May 17. If the deal clears regulatory hurdles, the company will be based in Ireland.

"Actavis, Inc. and Warner Chilcott plc today announced they have entered into a definitive agreement under which Actavis will acquire Warner Chilcott plc in a stock-for-stock transaction valued at approximately $8.5 billion," the two groups said in a joint statement.

"If successfully completed, the transaction will create a leading global specialty pharmaceutical company with approximately $11 billion in combined annual revenue, and the third-largest US specialty pharmaceutical company with approximately $3 billion in annual revenues."

The acquisition of Dublin-based Warner Chilcott will strengthen Actavis's portfolio of drugs for women's health and urological conditions, and add new franchises in products for dermatology and gastroenterology." ...