Anastasia
4
All posts from Anastasia
Anastasia in ...,

Carlyle near deal to buy J&J diagnostics unit

Private equity firm Carlyle Group LP (CG.O) is nearing an agreement to acquire Johnson & Johnson's (JNJ.N) ortho clinical diagnostics unit, four people familiar with the matter said on Monday, in a deal expected to be worth around $4 billion.

Carlyle is in exclusive talks with Johnson & Johnson after prevailing over a rival bid from Blackstone Group LP (BX.N) in partnership with healthcare and industrial conglomerate Danaher Corp (DHR.N), the people said, cautioning that negotiations were ongoing and the outcome could change.

A deal is expected to be reached within the next two weeks, one of the sources said.

Source