Johnson & Johnson has offered concessions to gain EU approval for its planned acquisition of Synthes. Johnson & Johnson is the world’s second-largest seller of health products and Synthes manufactures medical tools. The $18.89 billion deal would make Johnson & Johnson the market leader in devices for trauma victims. No further details are available on the offered concessions.
The European Commission will rule on the acquisition by April 26.
Source: Bloomberg
Related content: Analyzing Medical Device Mergers
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