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Provider: Stock Traders Daily
Provider: Stock Traders Daily
Provider: Pechala's Reports
Provider: Reuters Investment Profile

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Johnson & Johnson Launches Clinical Diagnostics Unit Sale-Reuters

Saturday, 7 Sep 2013 02:22pm EDT 

Reuters reported that Johnson & Johnson has launched a sale process for its Ortho Clinical Diagnostics unit, which makes blood screening equipment and laboratory blood tests and could fetch around $5 billion. J&J has asked JPMorgan Chase & Co to run the sale and is preparing to send detailed financial information in coming weeks to potential buyers. J&J declined to comment, while a JPMorgan spokeswoman had no immediate comment. 

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