EU OKs $5.2B Watson-Actavis Tie-Up

Law360, New York (October 5, 2012, 1:40 PM EDT) -- The European Commission on Friday approved Watson Pharmaceuticals Inc.'s proposed €4.25 billion ($5.2 billion) acquisition of Swiss drugmaker Actavis Group, finding that the merged company will still face a significant number of strong competitors in European drug markets.

Watson's proposed takeover of Actavis would create the third-largest generic pharmaceuticals company in the world with about $8 billion in revenue, and would expand Watson's reach into Russia and Central and Eastern Europe.

The European Commission investigated the possible impacts of the merger on various drugs including antidepressants...
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