updated 12/30/2010 AT 1:00 PM ET
•originally published 12/30/2010 AT 2:00 PM ET
Ryan Phillippe has no hard feelings about his ex-wife’s engagement.
“I’m very happy for both Reese and Jim,” the actor, who was married to Witherspoon for seven years before they split in 2008, tells the New York Daily News in a statement. “I wish nothing but the best for the mother of my children.”
Phillippe, 36, and Witherspoon, 34, have two children together, Ava, 11, and Deacon, 7.
Witherspoon announced her engagement this week, and it was revealed that Toth, 40, proposed with a 4-carat Ashoka diamond stunner set on a pave diamond-and-platinum band.