LONDON and NEW YORK, Oct. 27 2004 LAWFUEL – Law, legal, attorney, law firm news— International law firm, Weil,
Gotshal & Manges, has advised the bid consortium on the recommended offer
announced today of Warner Chilcott PLC by Waren Acquisition Limited (“Waren”),
a company controlled by funds managed or advised by DLJ Merchant Banking III,
Inc. and J.P. Morgan Partners, LLC.
Warner Chilcott PLC is a speciality pharmaceutical company based in
Craigavon, Northern Ireland and Rockaway, New Jersey. It is intended that the
acquisition of the entire issued and to be issued share capital of Warner
Chilcott PLC will be implemented by way of a scheme of arrangement under
article 418 of The Companies (Northern Ireland) Order 1986.
The acquisition values the entire issued share capital of Warner Chilcott
at approximately 1,615 million euro and represents a premium of approximately
33 per cent to the closing price of 648 pence on 17 September 2004, the last
business day prior to the announcement that it had received an approach from a
private equity consortium.
The Weil Gotshal team was led by partners Mike Francies, Ian Hamilton and
Sarah Priestley in London, David Blittner, David Zeltner and Marc Silberberg
in New York, Angela Fontana in Dallas and David Bower in Washington D.C. The
team included UK senior associates Gudrun Steele and Michael Nicklin and US
senior associates Michael Weisser, Allison Liff and Scott Sontag.
NOTE TO EDITORS
US Law Firm of the Year 2004 (Lawyer Awards 2004, London)
US Private Equity Law Firm of the Year (Chambers Global Awards 2004)
Weil, Gotshal & Manges is an international law firm of over 1,100
attorneys, including 300 partners. Weil Gotshal is headquartered in New York,
with offices in Boston, Brussels, Budapest, Dallas, Frankfurt, Houston,
London, Miami, Munich, Paris, Prague, Shanghai, Silicon Valley, Singapore,
Warsaw and Washington, D.C.