J&J agrees to stock swap for Centocor

Article Abstract:

Johnson & Johnson announced that it has signed an agreement to acquire Centocor Inc. in a deal worth $4.9 billion (4.71 billion euros). The deal will be an exchange of shares between the two firms. Centocor is a biotechnology company. J&J will pay Centocor approximately $61 in shares for every individual Centocor stock. This is according to the terms of the deal, which must first gain the approval of both firms' stockholders.

Comment:

Johnson and Johnson to acquire Centocor in deal worth $4.9 billion (4.71 billion euros)

Medical Instruments & Supplies, Laboratory Apparatus and Furniture Manufacturing, Clinical Lab Equipment, Abstract, Johnson & Johnson, Biomedical laboratory equipment, Centocor Inc.

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Bio-Rad Labs to acquire Pasteur Sanofi in France

Article Abstract:

Bio-Rad Laboratories Inc. has signed a definitive agreement to purchase all of Pasteur Sanofi Diagnostics's shares, certain assets, and assumed liabilities. The acquisition price comes out to $210 million (205.1 million euros). Bio-Rad publicly announced its bid for Pasteur Sanofi on June 16, 1999. Sanofi Synthelabo SA and Institut Pasteur are selling Pasteur Sanofi to Bio Rad.

Comment:

Bio-Rad to purchase all of Pasteur Sanofi Diagnostics's shares, certain assets, and assumed liabilities

France, Analytical Laboratory Instrument Manufacturing, Analytical Instruments, Instrument industry, Instrument industry (Equipment), Bio-Rad Laboratories Inc., Pasteur Sanofi Diagnostics

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Coherent sells products unit to ESC Medical

Article Abstract:

ESC Medical Systems Ltd. is acquiring the medical products unit of Coherent Inc. The deal is valued at over $223.9 million (245.5 million euros) in cash and stock.

Israel, Surgical Appliance and Supplies Manufacturing, Surgical appliances and supplies, Medical Instruments and Supplies, All Other Miscellaneous Electrical Equipment and Component Manufacturing, Medical Appliances & Supplies, Lasers & Related Equip, Laser industry, ESC Medical Systems Ltd., Coherent Inc., COHR

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