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8 Apr 2011

Analyst: J&J May Need A $10B-plus Deal

The company may look at deals worth more than $10 billion to compensate for a lack of organic growth and to provide an outlet for its steady buildup of cash.

In a note to investors, Morgan Stanley's David Lewis says Johnson & Johnson may be looking at consumer deals outside the U.S., along with buys in medical devices and diagnostics. And as Bloomberg points out, the company had a $27.7 billion stash of cash and short-term investments at the end of 2010--ample capital for a shopping foray.

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