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Actavis shareholders approve new loan, new shares for acquisition of Pliva

Autor: ;half;
REYKJAVIK, July 26 (Hina) - The shareholders' meeting of the Icelandic pharmaceutical company Actavis has authorised the Board of Directors to take out a EUR525 million loan and issue 300 million new Class A shares to fund the acquisition of the Croatian pharmaceutical company Pliva, according to resolutions of the shareholders' meeting issued on Wednesday.
REYKJAVIK, July 26 (Hina) - The shareholders' meeting of the Icelandic pharmaceutical company Actavis has authorised the Board of Directors to take out a EUR525 million loan and issue 300 million new Class A shares to fund the acquisition of the Croatian pharmaceutical company Pliva, according to resolutions of the shareholders' meeting issued on Wednesday.

By approving the loan, the shareholders' meeting authorised the Board of Directors to also issue rights convertible into Actavis Group shares.

(Hina) ha

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