Johnson & Johnson said on Wednesday that it had agreed to buy the medical equipment maker Synthes for $21.3 billion in cash and stock, in one of the biggest deals ever in the health care sector.
Johnson & Johnson is offering 159 Swiss francs ($181.30) a share for Synthes, a Swiss-American company that manufactures bone implants and surgical tools, and specializes in treatments for trauma.
The bid is comprised of 55.65 francs in cash and 103.35 francs worth of Johnson & Johnson common stock. It represents a 22 percent premium over the 130.60 francs that Synthes was trading at on April 14, before reports of the deal first emerged, according to
Johnson & Johnson is a holding company. The Company and its subsidiaries are engaged in the research and development, manufacture and sale of a range of products in the health care field.
Shares of JNJ remained unchanged at $64.95. In the past year, the shares have traded as low as $56.86 and as high as $65.62. On average, 11781600 shares of JNJ exchange hands on a given day and today's volume is recorded at 79491,
Russia may terminate all kinds of military and military-technical relations with Israel, including the agreement on the exchange of reconnaissance data
The Ilyushin 20 (Il-20) military electronic reconnaissance aircraft of the Russian Air Force with 14 servicemen on board that went off radar screens off the coast of Syria was shot down by Syrian air defense systems over the Mediterranean Sea