Canaccord Genuity Maintains a 'Buy' on Warner Chilcott (WCRX); Timing is Clearly Not Good

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Cantor Fitzgerald Downgrades Warner Chilcott (WCRX) to Hold; Moving to Sidelines as Risk Heightened

September 6, 2012 7:09 AM EDT

Cantor Fitzgerald downgraded Warner Chilcott (NASDAQ: WCRX) from Buy to Hold with a price target of $14.00 (from $22.00).

Analyst, Irina Rivkind, said, "After market Warner Chilcott announced a secondary offering of approximately 17% of its outstanding shares. Sellers include the company's top three private... More

Warner Chilcott (WCRX) Announces Common Secondary Offering by Shareholders

September 5, 2012 4:47 PM EDT

Warner Chilcott plc (Nasdaq: WCRX) announced today a secondary offering of its ordinary shares by certain selling shareholders. The selling shareholders include funds affiliated with Bain Capital Partners, J.P. Morgan Partners (advised by CCMP Capital) and Thomas H. Lee Partners, L.P., and... More