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Stock Market & Financial Investment News

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July 2, 2014
08:10 EDTACTActavis announces final stockholder results in Forest Laboratories acquisition
Actavis announced the final results of the elections made by stockholders of Forest Laboratories as to the form of merger consideration they would receive in connection with Actavis' acquisition of Forest. Holders of approximately 13.81% of the outstanding shares of Forest common stock elected to receive 3306 of an Actavis ordinary share and $26.04 in cash, without interest, with fractions of an Actavis ordinary share being cashed out at $219.00 per Actavis ordinary share. Holders of approximately 0.44% of the outstanding Forest shares elected to receive $86.81 in cash, without interest. Holders of approximately 72.78% of the outstanding shares of Forest common stock elected to receive $25.67 in cash plus 0.3326 of an Actavis ordinary share, with fractions of an Actavis ordinary share being cashed out at $219.00. Holders of approximately 12.97% of the outstanding Forest shares failed to make a valid election or did not deliver a valid election form prior to the deadline and will receive the Standard Election Consideration for each Actavis ordinary share, with fractions of an Actavis ordinary share being cashed out at $219.00 per Actavis ordinary share.
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