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June 24, 2014
08:32 EDTACT, FRXActavis, Forest Labs announce tentative election deadline of June 27
Actavis plc (ACT) and Forest Laboratories (FRX) announced that the tentative election deadline for Forest stockholders to elect the form of consideration they wish to receive in Actavisí planned acquisition of Forest is 5:00 p.m., Eastern time, on June 27. The Election Deadline may be extended, in which case Actavis and Forest will issue a press release announcing the new election deadline. Subject to regulatory approval and other customary closing conditions, the closing date of the acquisition is expected to be July 1. As previously announced, Forest stockholders can elect to receive, for each of their shares of Forest common stock, either cash, Actavis ordinary shares, or a combination of cash and Actavis ordinary shares. The cash and stock elections will be subject to proration and adjustment procedures, which are further described in the Joint Proxy Statement/Prospectus of Actavis and Forest, dated May 2. The documents necessary for Forest stockholders to make an election for their merger consideration were mailed beginning on May 30.
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