FDAnews
www.fdanews.com/articles/143183-europe-drugmakers-may-boost-acquisitions-after-buyback-focus

Europe Drugmakers May Boost Acquisitions After Buyback Focus

January 13, 2012
Europe’s largest drugmakers may step up acquisitions of biotechnology companies this year after spending money in 2011 on stock buybacks and higher dividends to keep shareholders happy.
Businessweek