Sunday, May 1, 2011

J&J and Synthes agree on $21 billion merger (J and J is parent company of Depuy)

April 27, 2011|By David Sell, INQUIRER STAFF WRITER
Health-care giant Johnson & Johnson and medical device maker Synthes Inc. - both of which have large operations in the Philadelphia area - agreed to a $21.3 billion merger deal announced Wednesday morning.
Johnson & Johnson Inc. hoped to fill a hole in its 250-company portfolio by adding a stronger device component. Synthes Inc., is a leader in the manufacture of devices that help treat bones, with screws, plates and power tools.
Synthes has its North American headquarters in West Chester, along with five other facilities in Chester County, but the company was founded in Switzerland and is traded on that country's stock exchange.

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