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.
For comments and feedback: editorial@rttnews.com