J&J strikes deal to buy Synthes for $21.3 billion

By @ibtimes on

ZURICH, April 27 - Johnson & Johnson has struck a deal to snap up Swiss medical device maker Synthes Inc for $21.3 billion, the companies said on Wednesday.

The deal, which is expected to close in the first half of 2012, will boost J&J's orthopedics franchise and has the backing of both the Synthes and J&J boards.

(Reporting by Katie Reid)

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