BioCentury on BioBusiness,
Actavis' $25B offer rewards Forest shareholders who held through turnaround
Monday, February 24, 2014
Laboratories Inc.'s efforts to renew its growth by in-licensing
commercial stage products and cutting costs culminated in last week's $25
billion takeout offer from Actavis
plc. Recent Forest investors are getting about a 25% return, while
longer-term holders are doing an order of magnitude better.
The deal between the two
specialty pharmas values Forest at $89.48 per share, a 25% premium to its close
of $71.39 on Feb. 14, before the deal was announced.
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