Market Overview

Watson Receives Approval from European Commission for Pending Actavis Acquisition


Watson Pharmaceuticals (NYSE: WPI) today announced that the European Commission (EC) has approved the company's pending acquisition of the privately held Actavis Group.

"Approval from the EC represents a significant milestone as we work toward the completion of the combination of Watson and Actavis later this year," said Paul Bisaro, Watson's President and CEO.

The transaction remains subject to regulatory approval in the United States from the Federal Trade Commission (FTC). Watson continues to expect the transaction to close in the fourth quarter of 2012.

Posted-In: News Legal


Related Articles (WPI)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→