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15 Jun 2012

Johnson & Johnson Announces Completion of Synthes Acquisition

Johnson & Johnson has announced the completion of the acquisition of Synthes for a total purchase price of $19.7 billion.

Johnson & Johnson has announced the completion of the acquisition of Synthes, Inc. for a total purchase price of $19.7 billion in cash and stock.

 

Synthes will now be integrated with the DePuy franchise to establish the DePuy Synthes Companies of Johnson & Johnson.

 

Alex Gorsky, Chief Executive Officer, Johnson & Johnson, said,"The completion of the Synthes acquisition creates the world's most innovative and comprehensive orthopaedics business and reflects our long-standing strategy of leadership within attractive health care markets. The combination of these two respected leaders -- Synthes and DePuy -- will enable us to better serve clinicians and patients worldwide, bring new innovations to the marketplace in orthopaedics and neurologics, and strengt

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