Sunday, December 10, 2023
Homedeals and iposCarlyle Group finalizes offer for JNJ unit

Carlyle Group finalizes offer for JNJ unit

Johnson & Johnson said on Thursday it will sell its ortho clinical diagnostics unit to private equity firm Carlyle Group for $4.15 billion, a year after announcing it was considering spinning off or selling the slow-growing business.

The companies said in separate statements that, if approved, the deal should close in the middle of 2014.

(Read more: 'Things are not cheap,' says dealmaker Rubenstein)

Reuters reported in December that Carlyle was nearing an agreement to buy Johnson & Johnson's ortho clinical diagnostics unit for about $4 billion. It beat the Blackstone Group, which had made a bid with conglomerate Danaher, sources said at that time.


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