Friday, February 23, 2007

ValueAct Capital Discloses 5.5% Stake in Warner Chilcott (WCRX)

In a 13D filing after the close on Warner Chilcott Limited (Nasdaq: WCRX), ValueAct Capital disclosed a 5.5% stake (13.8 million shares) in the company.

The disclosure in the 'Purpose of Transaction' section of the filing uses pretty standard language. The firm said they reserve the right to formulate other plans and/or make other proposals, and take such actions with respect to their investment in the Issuer, including any or all of the actions set forth in paragraphs (a) through (j) of Item 4 of Schedule 13D, or acquire additional Common Stock or dispose of all the Common Stock beneficially owned by them, in the public market or privately negotiated transactions.

Earlier this week, ValueAct Capital offered to acquire another one of it portfolio companies, Catalina Marketing (NYSE: POS).

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