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Article: Johnson & Johnson
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- May 10, 2001
CopyrightCopyright 2001 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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Johnson & Johnson, Inverness in talks
Health care firm would get diabetes testing products
Associated Press
Thursday, May 10, 2001
Boston -- Johnson & Johnson is in "advanced discussions" to
acquire Inverness Medical Technology's diabetes management products
business for about $1.3 billion in stock, the companies said
Wednesday.
Johnson & Johnson, a leader in health care products, would acquire
the One Touch blood glucose meters and Inverness' fluid sampling
technology in the deal.
Under the proposal, Inverness would split its non-diabetes
operations, including women's health, nutritional supplements and the
clinical diagnostics business, into a new publicly traded company as
the rest of the ...