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Watson Pharmaceuticals to Acquire Actavis?

5:00 AM MDT | March 23, 2012 | Deepti Ramesh

Watson Pharmaceuticals (Parsippany, NJ), a leading manufacturer of generic, branded and biologic pharmaceutical products, is close to acquiring Actavis (Zug, Switzerland), the world's fourth largest manufacturer of generic pharmaceuticals, for about $7 billion, say reports. Actavis also manufactures a range of active pharmaceutical ingredients (APIs) mainly for the European and U.S. markets. The deal would give Watson a larger presence in the European market. Watson recorded sales of $4.6 billion in 2011. Actavis, which moved its headquarters to Zug, from...

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