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Warner Chilcott eyes sale of company
April 30th, 2012
DUBLIN, Ireland – Warner Chilcott's board of directors has confirmed that it's exploring a sale of the company.
The branded pharmaceutical company said in a statement Monday, "Further to media speculation, the board of Warner Chilcott PLC confirmed today that it is conducting a process to explore a broad range of strategic alternatives to enhance shareholder value, which include preliminary discussions with potential offerors.
"These discussions are at a preliminary stage and may or may not lead to an offer for the company," the statement noted.
Warner Chilcott said it has retained Goldman Sachs as its financial adviser during the process.
Recent published reports said Bayer AG has expressed interest in buying the company.
A maker of specialty pharmaceuticals, Dublin-based Warner Chilcott's products are focused on the women's health care, gastroenterology, dermatology and urology segments.