Watson Pharmaceuticals, Inc. And Andrx Corporation Amend Merger Agreement

Published: Jul 10, 2006

CORONA, Calif. & FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 10, 2006--Watson Pharmaceuticals, Inc. (NYSE:WPI - News) and Andrx Corporation (Nasdaq:ADRX - News) today announced that they have entered into an amendment to their March 12, 2006 definitive merger agreement pursuant to which, subject to certain conditions, the deadline to close the transaction has been extended from September 12, 2006 until November 13, 2006. The amendment will allow the parties additional time to confer with the Federal Trade Commission (FTC), which has the right to review the merger under the provisions of the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

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