Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: In a press release this morning, Warner Chilcott's management board confirmed that it is in early talks with interested parties but that a deal may not materialize. This is all part of Warner Chilcott's plan to maximize shareholder value, which may include the strategic alternative of selling the company.
Now what: Today's news is great for current shareholders, but it still presents a big question mark with regards to what could happen over the next few weeks. Warner Chilcott isn't going to comment further on buyout developments unless something tangible materializes, so all we have to go on in the meantime is rumors -- and frankly, that's never a reason to buy into a stock. I will, however, add Warner Chilcott to My Watchlist while this drama plays out.
Craving more input? Start by adding Warner Chilcott to your free and personalized watchlist so you can keep up on the latest news with the company.
At the time thisarticle was published Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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