McDowell Enterprises Inc said it has completed the acquisition of 80 pct of privately-held Interpharm Inc a maker of generic pharmaceuticals for 488000 common shares plus another 521000 to be issued on approval by McDowell shareholders. It said subject to future sales and profit levels McDowell could over a four-year period acquire the remaining 20 pct of Interpharm for another 1543000 shares.
MCDOWELL ENTERPRISES <ME> MAKES ACQUISITION