Johnson & Johnson’s Synthes Acquisition Finally Approved

The European Commission has approved Johnson & Johnson’s $21.3 billion acquisition of Synthes.

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Johnson & Johnson has agreed to the divestiture of its entire trauma business in the European Economic Area to remove overlap in trauma devices as a result of the acquisition. On that basis, the Commission cleared the transition.

A likely recipient of the company’s DePuy trauma business is Biomet, which placed a $280 million offer earlier this year.

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