Forest Labs to buy private peer Aptalis for $2.9 bln

Wed Jan 8, 2014 7:43am EST

Jan 8 (Reuters) - Forest Laboratories Inc said it would buy privately held specialty pharmaceutical company Aptalis for about $2.9 billion to gain access to Aptalis's gastrointestinal and lung drugs.

The deal, which will require clearance from U.S. and Canadian antitrust authorities, is expected to add about 78 cents per share to Forest's 2015 adjusted earnings.