Article: J&J in Talks to Buy Inverness.(Johnson and Johnson bids for Inverness Medical Technology Inc.)(Brief Article)

JOHNSON & JOHNSON is in advanced discussions to acquire Inverness Medical Technology, a developer of innovative products targeting the self-management of diabetes, in a $1.3 billion stock-for-stock exchange.

At the time of the acquisition, Inverness would split off its women's health, nutritional supplements and clinical diagnostics businesses to form a newly traded company. For each share of Inverness, shareholders would ...

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