Johnson & Johnson Buys Synthes for $21.6 billion

Johnson & Johnson (JNJ) said Wednesday it has agreed to buy the Swiss maker of screws and plates to fix broken bones, for 19 billion Swiss francs ($21.67 billion). The acquisition, which is expected to close in the first half of 2012, is backed by both board of directors. The deal is expected to have a modestly dilutive effect on J&J’s adjusted EPS for FY 2012.

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