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DewDiligence

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Re: DewDiligence post# 118089

Tuesday, 01/24/2012 6:00:23 AM

Tuesday, January 24, 2012 6:00:23 AM

Post# of 257580
WPI acquires Australia’s Ascent Pharmahealth, a generic drugmaker, for $393M in cash:

http://finance.yahoo.com/news/Watson-Acquires-Ascent-prnews-1606344724.html?x=0

As a result of the acquisition, Watson becomes the fifth largest generic pharmaceutical company in Australia based on revenue, and the combined company will be the second largest in terms of total molecules. Watson also becomes the largest generics company in Singapore and gains an established commercial base in Malaysia, Hong Kong, Vietnam and Thailand.

WPI is holding an Investor Day webcast today at 8am ET.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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