Watson Agrees To Acquire Actavis For Potential $5.94B

--Watson Pharmaceuticals agrees to buy Actavis in deal valued at $5.94B

--Deal strengthens Watson's position in European markets

--Deutsche Bank, which has an Actavis stake, will book a EUR257M impairment charge

(Adds analyst reaction beginning in paragraph seven.)

Watson Pharmaceuticals Inc. (WPI) agreed to acquire Swiss rival Actavis in a widely expected deal potentially valued at roughly EUR4.5 billion ($5.94 billion), which will give the U.S.-based group a boost in the global rankings of generic drug makers to No. 3.

Watson President and Chief Executive Paul M. Bisaro said the deal -- expected to close in the fourth quarter -- ...

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