Watson Pharmaceuticals to Buy Arrow Group for $1.75 Billion
Wednesday, June 17, 2009 7:52Posted in category Internet Finds
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Watson Pharmaceuticals, Incorporated is the 5th largest pharmaceutical company in the United States based on number of prescriptions dispensed.
Watson Pharma said they will buy smaller generic drug maker Arrow Group for $1.75 billion in cash and stock.
The combination with Arrow will result in a global pharmaceutical company with more than $3 billion in revenue and operations in more than 20 countries, Watson said. Arrow generated $647 million in revenue last year, and has had a 67% organic compound annual growth rate since 2001, Watson said. The company was founded in 2000.
I hope they will have diet pills that work.
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