Eu Approves Record Dollars 25bn Healthcare Deal

The ScotsmanAugust 26, 2005

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Summary


THE European Commission has approved Johnson & Johnson's dollars 25.4 billion (GBP 14bn) takeover of rival Guidant, the largest ever deal in the medical device sector.

In doing so, Brussels ruled that the US firm must sell a number of businesses to ensure competition was not reduced in certain product areas.

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Extract


Eu Approves Record Dollars 25bn Healthcare Deal

Guidant makes cardio-vascular devices such as defibrillators...

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