Johnson & Johnson to buy Momenta for about $6.5 billion
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Johnson & Johnson to buy Momenta for about $6.5 billion

Global Economy

Reuters
19 August, 2020, 04:55 pm
Last modified: 19 August, 2020, 04:55 pm

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Johnson & Johnson to buy Momenta for about $6.5 billion

J&J will pay $52.50 for each Momenta share, a 70.4 percent premium to Tuesday’s closing price

Reuters
19 August, 2020, 04:55 pm
Last modified: 19 August, 2020, 04:55 pm
FILE PHOTO: The company logo for Johnson & Johnson is displayed on a screen to celebrate the 75th anniversary of the company's listing at the New York Stock Exchange (NYSE) in New York, US, September 17, 2019. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: The company logo for Johnson & Johnson is displayed on a screen to celebrate the 75th anniversary of the company's listing at the New York Stock Exchange (NYSE) in New York, US, September 17, 2019. REUTERS/Brendan McDermid/File Photo

Johnson & Johnson said on Wednesday it would buy Momenta Pharmaceuticals Inc for about $6.5 billion in cash to expand into the area of autoimmune disease treatments.

J&J will pay $52.50 for each Momenta share, a 70.4 percent premium to Tuesday's closing price.

Johnson & Johnson

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