Watson Gets FTC Nod For $5.5B Actavis Buy, With Concessions

Law360, New York (October 16, 2012, 12:53 PM EDT) -- The Federal Trade Commission on Monday cleared Watson Pharmaceuticals Inc.'s proposed €4.25 billion ($5.5 billion)  purchase of Actavis Inc. after the generics maker agreed to divest 18 of its drugs to competitors to allay antitrust concerns.

In addition to selling 18 drugs to Par Pharmaceuticals Inc. and Sandoz International GmbH, the FTC said in a statement it would require Watson to give up the manufacturing and marketing rights to three other medications. With the concessions, which the FTC touted as a means to protect competition in...
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