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 open higher this morning and is now up 4.07 at $129.57. The stock has been on an upward trend for nearly 3 months and has set a new high for the year.
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