Endo Health to buy Canadian peer Paladin Labs for $1.6 billion


Specialty pharmaceutical company Endo Health Solutions Inc said it would acquire Canadian peer Paladin Labs Inc for about $1.6 billion to expand its presence in Canada and emerging markets.

Endo will pay C$77 ($73.98) per Paladin share, representing a premium of more than 20 percent to Paladin's Monday close.

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(Reporting by Esha Dey in Bangalore; Editing by Maju Samuel)