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Watson to Acquire Actavis Group for EUR4.25 Billion
Date:4/25/2012

pects of this great combination of assets and talent. This is a dream combination in this industry," Bjorgolfsson added.

Key Benefits of the TransactionCommercially Compelling Transaction
Dramatically Enhances Watson's International Presence

  • The acquisition combines two growing, successful and profitable companies into a stronger global player that will benefit from sustainable revenue and earnings growth, and strong cash flow. With this transaction, Watson's international revenues are expected to increase from approximately 16% of total generic revenues at the end of 2011 to approximately 40%.
  • Expanded Global Market Presence

  • The combined company will hold a top 3 position in 11 markets and a top 5 market position in 15 markets. The combined company will have commercial operations in more than 40 countries. Actavis' exceptional global strength, including leading market positions in key established commercial markets and emerging markets in Central and Eastern Europe and Russia, complements Watson's position in established markets including the UK, France and Australia.
  • Expanded Portfolio and Pipeline

  • The acquisition will expand Watson's core leadership position in modified release, solid oral dosage and transdermal products into semi-solids, liquids and injectables. The result will be a broader and more diversified global product portfolio, and an expanded development pipeline. When combined the company will have 45 First-to-Files and 30 exclusive First-to-Files in the U.S.
  • Financially Compelling Transaction
    Significantly and Immediately Accretive

  • The transaction is expected to be immediately accretive to non-GAAP earnings, before synergies. Including synergies, Watson anticipates the acquisition will be greater than 30% accretive to 2013 Watson non-GAAP EPS, with accretion accelerating in 2014 through organic growth and further achievement
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  • SOURCE Watson Pharmaceuticals, Inc.
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