Actavis to Acquire U.S. Generics Company Amide.

PR Newswire | May 20, 2005 | Copyright

Strategic Milestone Achieved as Actavis Enters the U.S. Market

REYKJAVIK, Iceland, May 20 /PRNewswire-FirstCall/ -- Actavis Group (ICEX: ACT), the international generic pharmaceuticals company, and Amide Pharmaceutical, Inc., a privately owned US generic pharmaceuticals company, announce today that Actavis has reached an agreement to acquire Amide for an initial gross consideration of US$500 million in cash with up to an additional US$100 million payable over two years subject to performance. Upon closing the acquired company is expected to have a cash balance of ...

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