November 24, 2014 / 11:49 PM / in 4 years

Actavis mulls job cuts, China expansion: Bloomberg

(Reuters) - Generic drugmaker Actavis Plc is planning to cut employees and expand in China, a Bloomberg report said citing an interview by Chief Executive Officer Brent Saunders on Bloomberg Television.

Actavis CEO Brenton Saunders (L) and Allergan CEO David Pyotton pose together on the floor of the New York Stock Exchange November 17, 2014. REUTERS/Brendan McDermid

However, the report did not say how many positions will be eliminated.

Earlier in November, Botox maker Allergan Inc accepted a $66 billion takeover bid from Actavis, ending a seven-month hostile pursuit by activist investor William Ackman and Valeant Pharmaceuticals International Inc.

Brent Saunders had said in the interview that there are overlaps in corporate functions, including human relations and finance, the report noted. (

Actavis was not immediately available for a comment.

Reporting By Krishna Chaithanya

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