J&J’s Reported $34 Billion DePuy Deal Collapses; 50.1% Hints at RMT
Johnson & Johnson ($JNJ) and Smith & Nephew ($SNN) were reportedly close to combining their orthopaedics businesses in a transaction valued at roughly $34 billion. According to an October 23 Financial Times report, negotiations collapsed over who would lead the combined company, despite agreement on key financial terms. Under the reported proposal, J&J shareholders would have owned 50.1%… Read More »