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Endo to Acquire Specialty Pharmaceutical Company Paladin Labs
Date:11/5/2013

MALVERN, Pa. and MONTREAL, Nov. 5, 2013 /PRNewswire/ --

  • Accelerates Endo's transformation to leading global specialty healthcare company and creates platform for future growth
  • Paladin Labs' proven Canadian franchise, robust near-term pipeline and emerging market business complement Endo's U.S. strengths
  • Combined company expects to grow presence in North America and internationally
  • Stock and cash transaction values Paladin Labs at $77.00 (CAD) per share
  • Expected to be immediately accretive to Endo's 2014 adjusted EPS

Endo Health Solutions (NASDAQ: ENDP) ("Endo") today announced that it has reached a definitive agreement to acquire Paladin Labs Inc. (TSX: PLB), ("Paladin Labs") a leading Canada-based specialty pharmaceutical company, in a stock and cash transaction valued at approximately $1.6 billion of which approximately 98% will be paid in shares of stock as described below.  The acquisition accelerates Endo's strategic transformation to a leading global specialty healthcare company and creates a platform for future growth in North America and internationally.  Pursuant to the acquisition, each of Endo and Paladin Labs will be acquired by a newly-formed Irish holding company ("New Endo").  At $77.00 (CAD) per Paladin Labs share, the transaction represents a 20% premium to Paladin Labs' share price of $63.91 as of November 4, 2013, and is expected to be immediately accretive to Endo's 2014 adjusted earnings per share.

"The acquisition of Paladin Labs accelerates Endo's transformation from an integrated health solutions company to a top tier global specialty healthcare leader," said '/>"/>

SOURCE Endo Health Solutions
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