Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

 Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Wednesday 03 November, 2004

Waren Acquisition Ld

Offer Update

Waren Acquisition Limited
03 November 2004

                           AUSTRALIA, CANADA OR JAPAN

                                                                 3 November 2004

                          BY WAREN ACQUISITION LIMITED

        Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. join
          DLJ Merchant Banking III, Inc. and J.P. Morgan Partners, LLC
                          in Waren Acquisition Limited

*                    Waren Acquisition Limited ('Waren') is pleased to announce
that Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P. have joined DLJ
Merchant Banking III, Inc. and J.P. Morgan Partners, LLC in the consortium
controlling Waren, to implement the terms of the recommended acquisition of the
entire issued and to be issued share capital of Warner Chilcott PLC ('Warner
Chilcott' or the 'Company') as announced on 27 October 2004 (the 'Acquisition').

*                    Waren, a company established for the purposes of
implementing the Acquisition, is now controlled by funds managed or advised by
DLJ Merchant Banking III, Inc., J.P. Morgan Partners, LLC, Bain Capital
Partners, LLC and Thomas H. Lee Partners, L.P.

*                    All the terms of the Acquisition, and Conditions to it,
remain unchanged.

Information on Bain Capital, Thomas H. Lee Partners and Waren

Bain Capital

Bain Capital is a global private investment firm that manages several pools of
capital including private equity, high-yield assets, mezzanine capital, and
public equity with more than $22 billion in assets under management.  Since its
inception in 1984, Bain Capital has made private equity investments and add-on
acquisitions in over 225 companies around the world. A global team of investment
professionals have guided investments in a broadly diversified group of
companies. Headquartered in Boston, Bain Capital has offices in New York, London
and Munich.

Thomas H. Lee Partners

THL is a leading private equity firm based in Boston that manages over $12
billion, with a committed equity capital pool in excess of $6 billion.  Founded
in 1974, THL is focused on identifying and acquiring substantial ownership
stakes in mid to large cap growth companies. THL invests in companies with
leading market positions, proven and experienced management teams, recognised
brand names and well-defined business plans, which include opportunities for
growth and expansion in their core and related businesses.


Waren is a company incorporated in England and Wales specifically for the
purpose of the Acquisition, and is now a company indirectly controlled by DLJMB,
JPMP, Bain Capital and THL. Each of DLJMB, JPMP, Bain Capital and THL may seek
to syndicate part of their respective ownership of Waren. Immediately following
the Scheme becoming effective, the equity share capital in Warner Chilcott will
be indirectly held by DLJMB, JPMP, Bain Capital and THL.


Save as disclosed in this announcement or in the announcement of the Acquisition
on 27 October 2004, neither Bain Capital, THL nor any of the directors of Bain
Capital and THL nor, so far as Bain Capital and THL are aware, any person acting
in concert with Bain Capital and THL, owns or controls any Warner Chilcott
Shares or any securities convertible or exchangeable into Warner Chilcott Shares
or any rights to subscribe for or purchase the same, or holds any options
(including traded options) in respect of, or has any option to acquire, any
Warner Chilcott Shares or has entered into any derivatives referenced to Warner
Chilcott Shares ('Relevant Warner Chilcott Securities') which remains
outstanding, nor does any such person have any arrangement in relation to
Relevant Warner Chilcott Securities.  For these purposes, 'arrangement' includes
any indemnity or option arrangement, any agreement or understanding, formal or
informal, of whatever nature, relating to Relevant Warner Chilcott Securities
which may be an inducement to deal or refrain from dealing in such securities.

In the interests of secrecy Bain Capital and THL have made limited enquiries in
this respect of certain parties who may be deemed by the Panel to be acting in
concert with them for the purposes of the Acquisition. Enquiries of such parties
will be made as soon as practicable following the date of this announcement and
any material disclosure in respect of such parties will be included in the
Scheme Document.

As at the close of business on 1 November 2004, Morgan Stanley & Co.
Incorporated owned or controlled 3,562 Warner Chilcott ADSs and Morgan Stanley
Gestion SGIIC SA owned or controlled 358 Warner Chilcott ADSs, each of which
represents four ordinary Warner Chilcott Shares.

General Enquiries

Credit Suisse First Boston                                 Tel: +44 20 7888 8888
(financial adviser to Waren)
Andrew Christie
Stephanie Leouzon
Zachary Brech

Morgan Stanley                                             Tel: +44 20 7425 5000
(financial adviser to Bain Capital and THL)
Gavin MacDonald
Colm Donlon

This announcement does not constitute an offer to sell or the solicitation of an
offer to subscribe for or buy any security, nor is it a solicitation of any vote
or approval in any jurisdiction, nor shall there be any sale, issuance or
transfer of the securities referred to in this announcement in any jurisdiction
in contravention of applicable law.

Credit Suisse First Boston, which is regulated by the Financial Services
Authority, is acting for Waren in connection with the Acquisition and no-one
else and will not be responsible to anyone other than Waren for providing the
protections afforded to customers of Credit Suisse First Boston nor for
providing advice in relation to the Acquisition.

Morgan Stanley, which is regulated by the Financial Services Authority, is
acting for Bain Capital and THL in connection with the Acquisition and no-one
else and will not be responsible to anyone other than Bain Capital and THL for
providing the protections afforded to clients of Morgan Stanley nor for
providing advice in relation to the Acquisition.

The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore persons in any such
jurisdictions into which this announcement is released, published or distributed
should inform themselves about and observe such restrictions.

Copies of this announcement and any formal documentation relating to the
Acquisition are not being, and must not be, directly or indirectly, mailed or
otherwise forwarded, distributed or sent in or into or from Australia, Canada or
Japan and will not be capable of acceptance by any such use, instrumentality or
facility within Australia, Canada or Japan and persons seeking such documents
(including custodians, nominees and trustees) must not mail or otherwise
forward, distribute or send it in or into or from Australia, Canada or Japan.
If the Acquisition is implemented by way of an Offer (unless otherwise
determined by Waren and permitted by applicable law and regulation), the Offer
will not be made, directly or indirectly, in or into, or by the use of mails or
any means of instrumentality (including, without limitation, telephonically or
electronically) of interstate or foreign commerce of, or any facility of a
national, state or other securities exchange of Australia, Canada or Japan and
the Offer will not be capable of acceptance by any such use, means,
instrumentality or facilities.

The ability of Warner Chilcott Shareholders who are not resident in the United
Kingdom, the United States or the Republic of Ireland to vote their Warner
Chilcott Shares at the  Court Meeting(s) and/or Warner Chilcott Extraordinary
General Meeting, or to execute and deliver Forms of Proxy appointing another to
vote at the Court Meeting(s) and/or Warner Chilcott Extraordinary General
Meeting on their behalf, may be affected by the laws of the relevant
jurisdictions in which they are located.  Persons who are not resident in the
United Kingdom, the United States or the Republic of Ireland should inform
themselves of, and observe, any applicable requirements.  Whether or not a
Warner Chilcott Shareholder's Warner Chilcott Shares are voted at the Court
Meeting(s) or the Warner Chilcott Extraordinary General Meeting, if the Scheme
becomes effective those Warner Chilcott Shares will be cancelled pursuant to the
Scheme in return for the payment of 862 pence per Warner Chilcott Share.


Defined terms in the announcement made by Waren on 27 October, 2004 shall have
the same meaning when used in this announcement, unless superseded by the
definitions below, or unless the context otherwise requires.

'Bain Capital'  or 'Bain Capital funds managed or advised by Bain Capital Partners, LLC;

'Morgan Stanley'                 Morgan Stanley & Co. Limited; and

'Thomas H. Lee Partners' or      funds managed or advised by Thomas H. Lee Partners, L.P.

All references to legislation in this announcement are to the legislation of
Northern Ireland unless the contrary is indicated. Any reference to any
provision of any legislation shall include any amendment, modification,
re-enactment or extension thereof.

Words importing the singular shall include the plural and vice versa, and words
importing the masculine gender shall include the feminine or neutral gender.

References to '£', 'Sterling' and 'pence' are to the lawful currency of the
United Kingdom.

                      This information is provided by RNS
            The company news service from the London Stock Exchange