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J&J acquires sports med company Innovasive Devices
23 Feb 2000
Executive Summary
Johnson & Johnson has agreement to acquire Innovasive Devices Inc. (sports medicine surgery) in a purchase transaction that values ID at about $77mm. J&J will issue $8.25 in stock for each of ID’s 9.3mm outstanding shares (about a (pr)6% premium).
Deal Industry
-
Medical Devices
- Surgical Equipment & Devices
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Payment Includes Stock
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