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Actavis in talks to buy Forest Labs for as much as $25 bln - WSJ

Reuters - UK Focus

Feb 17 (Reuters) - Actavis Plc (NYSE: ACT - news) is in advanced talks to acquire rival drug maker Forest Laboratories Inc (NYSE: FRX - news) in a deal that could value Forest at up to $25 billion, the Wall Street Journal reported citing people familiar with the matter.

The deal is expected to be announced as early as Tuesday, but it is possible that the talks could still fall apart, the Journal said. ()

Actavis and Forest Labs could not immediately be reached for comment by Reuters outside of regular business hours.