Arab Today, arab today watson to buy actavis creating generics giant
Last Updated : GMT 11:46:52
Arab Today, arab today
Arab Today, arab today

Watson to buy Actavis, creating generics giant

Arab Today, arab today

Arab Today, arab today Watson to buy Actavis, creating generics giant

New York - AFP

US drug maker Watson Pharmaceuticals said Wednesday it will buy Iceland-based Actavis for 4.25 billion euros ($5.62 billion), creating the world\'s third-largest generic drugs company. Watson, maker of a generic version of Lipitor, Pfizer\'s blockbuster anti-cholesterol drug, said the acquisition of the privately held Actavis would greatly expand its global footprint. \"The acquisition of Actavis will create the third-largest global generics company, substantially completing Watson\'s expansion as a leading global generics company,\" Paul Bisaro, Watson president and chief executive, said in a statement. The statement was released after the stock market closed. The Actavis merger was expected to generate revenue of about $8 billion this year, according to the New Jersey-based Watson. Watson said that Actavis, as a stand-alone company, was positioned for strong growth, with a commercial presence in more than 40 countries. The Icelandic firm has more than 1,000 products globally and roughly 300 projects in its development pipeline. Actavis has more than 10,000 employees worldwide and had 2011 revenues of approximately $2.5 billion, the statement said. \"In a single, commercially compelling transaction, we more than double Watson\'s international access and strengthen our commercial position in key established European markets as well as exciting emerging growth markets, including Central and Eastern Europe and Russia,\" Bisaro said. Upon completion of the transaction, about 40 percent of Watson\'s generic revenues will come from markets outside the US, he said. Under the terms of the agreement, Watson will acquire Actavis for an upfront payment of 4.25 billion euros, with an additional payment to Actavis shareholders contingent on Actavis hitting certain 2012 performance targets. The contingent payment, in shares of Watson stock, was valued at 250 million euros ($330.4 million). The transaction is expected to close in the 2012 fourth quarter, subject to regulatory approvals. Watson Pharmaceutical shares were up 3.8 percent to $73.50 in after-hours trading.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today watson to buy actavis creating generics giant Arab Today, arab today watson to buy actavis creating generics giant

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today watson to buy actavis creating generics giant Arab Today, arab today watson to buy actavis creating generics giant

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan: experts

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan: experts
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday