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March 21, 2012

Watson Pharmaceuticals is looking to acquire Actavis, according to published reports.

NEW YORK — Generic drug maker Watson Pharmaceuticals is looking to acquire Actavis, according to published reports.

News media reported Wednesday that U.S.-based Watson was close to taking over Switzerland-based Actavis for $6.6 to $7.3 billion. Actavis, also a major manufacturer of generic drugs, was formerly based in Iceland and moved its headquarters to Switzerland last year.