Watson Pharmaceuticals (WPI) agrees to buy Ascent Pharmahealth for A$375M ($396M), turning...

|By:, SA News Editor

Watson Pharmaceuticals (WPI) agrees to buy Ascent Pharmahealth for A$375M ($396M), turning Watson into the fifth-largest generic pharmaceuticals firm in Australia and the largest in Singapore, while giving the company footholds in Malaysia, Hong Kong, Vietnam and Thailand. The deal will be immediately accretive to 2012 earnings.