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Drugs & Pharmaceuticals M&A image Drugs & Pharmaceuticals M&A » By The Online Investor Staff, updated Thu., Apr. 18, 8:45 PM Recent mergers and acquisitions in the Drugs & Pharmaceuticals M&A category.

Slide #28. Actavis Forest Laboratories, Inc.

Acquirer: Actavis (ACT)
Acquiree: Forest Laboratories, Inc. (FRX)
Details: Actavis plc (NYSE:ACT) and Forest Laboratories, Inc. (NYSE:FRX) today announced that they have entered into a definitive agreement under which Actavis will acquire Forest for a combination of cash and equity valued at approximately $25 billion or $89.48 per Forest share ($26.04 in cash and 0.3306 Actavis shares for each share of Forest common stock). The per share consideration represents a premium of approximately 25 percent per share over Forest's stock price, and a premium of approximately 31 percent over Forest's 10-day volume weighted average stock price, as of the close of trading on February 14, 2014. If successfully completed, the transaction will combine two of the world's fastest-growing specialty pharmaceutical companies, with combined annual revenues of over $15 billion anticipated for 2015.

Enact Holdings is a private mortgage insurance company. Through its subsidiaries, Co. provides credit protection to mortgage lenders and investors, covering a portion of the unpaid principal balance of mortgage loans where the loan amount exceeds 80% of the value of the home ("low-down payment loans"). Co.'s credit protection provides families access to homeownership sooner than would otherwise be possible. Co. facilitates the sale of mortgages to the secondary market, including to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation and private investors, and protect the balance sheets of mortgage lenders that retain mortgages in their portfolios.

ACT SEC Filing Email Alerts Service

Preferred: ACT.PRA



Open the ACT Page at The Online Investor »

Enact Holdings is a private mortgage insurance company. Through its subsidiaries, Co. provides credit protection to mortgage lenders and investors, covering a portion of the unpaid principal balance of mortgage loans where the loan amount exceeds 80% of the value of the home ("low-down payment loans"). Co.'s credit protection provides families access to homeownership sooner than would otherwise be possible. Co. facilitates the sale of mortgages to the secondary market, including to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation and private investors, and protect the balance sheets of mortgage lenders that retain mortgages in their portfolios.

ACT SEC Filing Email Alerts Service

Preferred: ACT.PRA



Open the FRX Page at The Online Investor »

Company Name:  Enact Holdings Inc
Stock buyback:  ACT buyback
Website:  www.enactmi.com
Sector:  Insurance Brokers
Number of ETFs Holding ACT:  24
Total Market Value Held by ETFs:  $122.00M
Total Market Capitalization:  $4.68B
% of Market Cap. Held by ETFs:  2.61%
Company Name:  Beachbody Co Inc (The)
Stock buyback:  FRX buyback
Website:  www.SPACRoadOne.com
Sector:  Uncategorized
 

April 18, 2024    8:45 PM Eastern
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