Scrip is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By


J&J buys Mentor for $1.07 billion

This article was originally published in Scrip

Executive Summary

Johnson & Johnson is buying Mentor Corporation, a US company specialising in aesthetic and reconstructive medical products, for $1.07 billon to boost its presence in the medical area. J&J will start a tender offer to acquire remaining Mentor stock for $31 per share. Mentor will operate as a stand-alone business unit reporting through Ethicon, J&J's surgical procedures division. J&J predicts that the transaction, which is expected to close in the first quarter of 2009, will dilute its 2009 EPS by around $0.03-0.05. The net value of the deal, including debt, is valued at $1.12 billion. Mentor's share price rose to $16.15 on December 1st, up by $0.40 from November 28th. Just last week, J&J announced the acquisition of Omrix Biopharmaceuticals, a manufacturer of protein-based biosurgery and passive immunotherapy products, which will report through Ethicon (Scrip Online, November 25th, 2008).



Related Companies




Ask The Analyst

Please Note: Click here for more information on the Ask the Analyst service.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts