Paladin Labs Receives Final Court Order for Arrangement

NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Paladin Labs Inc. 
TSX SYMBOL:  PLB 
FEBRUARY 27, 2014 
Paladin Labs Receives Final Court Order for Arrangement 
MONTREAL, CANADA--(Marketwired - Feb. 27, 2014) -  
THIS MEDIA RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES 
Paladin Labs Inc. (TSX:PLB) ("Paladin" or the
"Corporation"), a leading Canadian specialty pharmaceutical company,
is pleased to announce that the Superior Court of Quebec has issued a final
order approving the plan of arrangement to effect, among other things, the
indirect acquisition by Endo International plc ("New Endo") of all
outstanding shares of the Corporation (the "Arrangement").  
Holders of a majority of the outstanding Endo Health Solutions Inc.
("Endo") common stock also voted to approve the transaction at the
Endo special meeting called for this purpose on February 26, 2014. 
Assuming that all other conditions to the Arrangement are satisfied or waived,
the Arrangement is expected to become effective on or about February 28, 2014. 
About Paladin Labs Inc.  
Paladin Labs Inc., headquartered in Montreal, Canada, is a specialty
pharmaceutical company focused on acquiring or in-licensing innovative
pharmaceutical products for the Canadian and world markets. With this strategy,
a focused national sales team and proven marketing expertise, Paladin has
evolved into one of Canada's leading specialty pharmaceutical companies.
Paladin's shares trade on the Toronto Stock Exchange under the symbol PLB.
For more information about Paladin, please visit the Corporation's web
site at www.paladinlabs.com.  
About Endo Health Solutions Inc.  
Endo Health Solutions Inc. is a U.S.-based specialty healthcare company with
business segments that are focused on branded pharmaceuticals, generics, and
medical devices which deliver quality products to its customers intended to
improve the lives of patients. Through its operating companies - Endo
Pharmaceuticals, Qualitest, and AMS - Endo is dedicated to delivering value to
our stakeholders: customers, patients, and shareholders. Learn more at
www.endo.com.  
About Knight Therapeutics Inc. 
Knight Therapeutics Inc., headquartered in Montreal, Canada, is a specialty
pharmaceutical company focused on acquiring or in-licensing innovative
pharmaceutical products for the Canadian and world markets. The TSX Venture
Exchange has conditionally approved the listing of Knight Therapeutics'
shares subject only to customary conditions. For more information about Knight
Therapeutics, please visit www.sedar.com. 
This press release may contain forward-looking statements and predictions.
These forward-looking statements, by their nature, necessarily involve risks
and uncertainties that could cause actual results to differ materially from
those contemplated by the forward-looking statements. The Corporation considers
the assumptions on which these forward-looking statements are based to be
reasonable at the time they were prepared, but cautions that these assumptions
regarding the future events, many of which are beyond the control of the
Corporation and its subsidiaries, may ultimately prove to be incorrect. Factors
and risks that could cause actual results to differ materially from current
expectations include, without limitation, the risk that a condition to closing
contemplated by the Arrangement Agreement may not be satisfied or waived and
are otherwise as discussed in the annual report as well as in the
Corporation's Annual Information Form for the year ended December 31,
2012. The Corporation disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new information or future
events and except as required by law. For additional information on risks and
uncertainties relating to these forward-looking statements, investors should
consult the Corporation's ongoing quarterly filings, annual report and
Annual Information Form and other filings found on SEDAR at www.sedar.com.  
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FOR FURTHER INFORMATION PLEASE CONTACT: 
CST Phoenix Advisors
Toll Free: 1-800-239-6813
inquiries@phoenixadvisorscst.com 
INDUSTRY:  Pharmaceuticals and Biotech - Biotech, Pharmaceuticals and Biotech -
Drugs, Pharmaceuticals and Biotech - Equipment and Supplies, Pharmaceuticals
and Biotech - Trials 
SUBJECT:  LAW 
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-0- Feb/27/2014 15:37 GMT
 
 
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