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Johnson and Johnson accepts 2.1 billion dollar offer for its LifeScan unit


Johnson and Johnson accepts 2.1 billion dollar offer for its LifeScan unit

Johnson and Johnson said on Tuesday it has accepted private equity firm Platinum Equity’s $2.1 billion buyout offer for the company’s LifeScan Inc unit.

Platinum had given J&J until mid-June to accept the offer for the unit, which makes blood glucose monitoring products.

(Reporting by Uday Sampath in Bengaluru; Editing by Shailesh Kuber)



Source: REUTERS
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