Saturday 10 December 2016

King could net €9m payout

Published 15/08/2010 | 09:38

PHARMA magnate Dr John King could net a €9m payout as Warner Chilcott, the drugs company he chairs, prepares to pay a €1.6bn special dividend to its shareholders.

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Warner Chilcott, which was formed from the late Allen McClay’s Galen company, is raising money on the markets to pay this special dividend.

Shareholders in Warner Chilcott may receive $8.50 per share, with King holding over 1.3m shares.

The Nasdaq-listed company has agreed to establish its global headquarters in Dundalk following moves by the IDA.

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