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TheStreet's Top 5 Dealmakers Heading into 2014

Actavis: Keep Digging Watson

Copycats are another sign you are doing well with your M&A strategy and no company may be as indicative of that as Watson Pharmaceuticals... I mean Actavis (ACT).

Through a series of acquisitions, Watson Pharmaceuticals has positioned itself as among the leading generic drug manufacturers in the world and among the most innovative pharmaceutical giants in taking advantage of U.S. and Irish laws to lower its tax bill. After acquiring generic drug manufacturer Actavis in 2012 and Dublin based Warner Chilcott this year, the company has changed its name and headquarters.

Shares just keep on rising.

TheStreet reported on Watson's corporate shape shifting through complicated merger agreements, name changes and so-called corporate inversions in May. Since then, others have followed suit such as Perrigo and Endo Health Solutions (ENDP).

Actavis shares have gained over 170% since the beginning of 2012 when it embarked on an M&A spree.

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