Deals
J&J Accepts $4 Billion Offer From Carlyle for Ortho Unit
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Johnson & Johnson accepted the $4 billion offer from Carlyle Group LP made in January to acquire the health-care products company’s only diagnostics division.
The acceptance comes after consultation with relevant works councils and trade unions, New Brunswick, New Jersey-based J&J said in a statement today. The unit, for sale since November, had $1.89 billion in sales last year, or about 2.6 percent of J&J’s revenue.