Goldman Sachs Comments On Warner Chilcott (WCRX)

Goldman Sachs provided color on Warner Chilcott WCRX in a research report published today.

In the report, Goldman Sachs states, "After the close on March 8, Warner Chilcott (WCRX) announced a
secondary offering of 25 million shares (plus 15% greenshoe provision) as part of a further monetization by financial sponsors and certain insiders. Pricing as of today's market close implies a total value for the offering of around $600 million. This offering follows a previous secondary offering in November 2009. This offering comes after several recent company updates, including first-time 2011 guidance (February 15), 4Q2010 earnings (February 25), and several conference presentations in the past few weeks that have served to enhance near-term visibility and understanding of key swing factors in the P&L."

Shares of Warner Chilcott were trading at $23.50 in pre-market trading at the time of posting, down 3.73% from Tuesday's market close.