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Endo Pharma To Buy AMS For $2.6B

Endo Pharmaceuticals Holdings will acquire urology-device company, American Medical Systems for $2.6 billion.

    Endo Pharmaceuticals Holdingswill acquire urology-device company,American Medical Systems(AMS), for $2.6 billion,The Wall Street Journalreports. Endo will also assume AMS’ $312 million debt as part of the deal.

    Morgan StanleyandBank of America Merrill Lynchwill provide the financing for the deal to Endo, addsReuters.JPMorgan Securitieswas appointed as financial adviser by AMS. The transaction is expected to be completed by the third quarter of 2011.

    Click here for the story fromThe Wall Street Journal.

    Click here for the additional coverage fromReuters.

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