Actavis May Merge With Warner Chilcott

Actavis Inc. (NYSE: ACT) and Warner Chilcott (Nasdaq: WCRX) engaged in preliminary talks for a possible merger of the two companies. Shares of Actavis leaped $13.05 to close at $119.86 while Warner Chilcott stock surged $3.00 to close at $18.01.

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