PRINT THIS PAGE Blackstone-led private equity consortium bids £1.5bn for UK drug group22/09/2004. Source: AltAssets. 
 A private equity consortium led by Blackstone Group has tabled an offer of £1.5bn for UK drug group Warner Chilcott. Shares in the women's healthcare specialist surged 15 per cent to 747p as the company confirmed the bid.
Blackstone declined to comment on the takeover approach but the firm is understood to be interested in Warner Chilcott's near-off-patent drug business, according to a report by The Times. Blackstone failed in its attempt to buy a similar business from French pharmaceutical group Aventis earlier this year.
Two other private equity firms are believed to be involved in the consortium but the identity of the participants has not yet been revealed.
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