Forest pays $3bn dividend back to US

A New York-quoted drug firm has paid a $3 billion dividend from its Irish operations back to the US.

20th November, 2010

A New York-quoted drug firm has paid a $3 billion dividend from its Irish operations back to the US.

Forest Laboratories made the massive payment after recording a profit of almost $467 million at its Irish unit in the financial year to the end of last March.

The Irish company, Forest Laboratories Holdings, has notched up large profits in recent years, including almost $860 million in profits in the previous financial year.

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