J&J agrees to buy Mentor for $1.07B
US health care major Johnson & Johnson has agreed to acquire cosmetic-product and breast-implant maker Mentor for $1.07 billion.
Mentor is expected to operate as a stand-alone business unit reporting through J&J unit Ethicon, a leading provider of suture, mesh and other products for a wide range of surgical procedures.
Under the terms of the deal, J&J will commence a tender offer to purchase all outstanding shares of Mentor at $31.00 each. The offer is conditioned on the tender of a majority of the outstanding shares of Mentor's common stock on a fully-diluted basis.
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