Watson Pharmaceuticals (WPI +0.8%) bounces around violently after word leaks that the company is...

|By:, SA News Editor

Watson Pharmaceuticals (WPI +0.8%) bounces around violently after word leaks that the company is close to signing off on a deal to buy Icelandic firm Actavis for €5B-€5.5B. Shares dropped sharply off the news, then reversed themselves in a slingshot move higher, and now stand +0.6%.