Actavis Inc. (ACT) announced Monday morning that it agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5 billion.
Actavis gapped up Monday and climbed in early trade, before settling into a range. The stock ended the session higher by 1.65 at $127.15 on strong volume. Actavis has been rising for over a week and set a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.