Proxy advisory firms recommend that Actavis-Warner Chilcott deal go through

PARSIPPANY, N.J. — Three independent proxy advisory firms are recommending that Actavis shareholders vote in favor of the company's proposed acquisition of Warner Chilcott.

Actavis said Thursday that Institutional Shareholder Services, Glass Lewis and Egan-Jones had issued the recommendation regarding the $8.5 billion acquisition of Ireland-based Warner Chilcott, announced in May.

The deal is the subject of a meeting of Actavis shareholders that will take place on the morning of Sept. 10 at the Parsippany Hilton in Parsippany, N.J. Major regulatory authorities in Europe have approved the deal, which is still awaiting approval by the U.S. Federal Trade Commission.