March 16, 2018 / 11:49 AM / Updated 23 minutes ago

BRIEF-J&J Gets $2.1 Bln Binding Offer For Its Lifescan Business From Platinum Equity

March 16 (Reuters) - Johnson & Johnson:

* RECEIVED A BINDING OFFER FROM PLATINUM EQUITY, A LEADING PRIVATE INVESTMENT FIRM, TO ACQUIRE ITS LIFESCAN BUSINESS FOR APPROXIMATELY $2.1 BILLION

* ‍ACCEPTANCE PERIOD FOR OFFER WILL END ON JUNE 15, 2018​

* ‍TRANSACTION WAS CONTEMPLATED IN COMPANY’S GUIDANCE PROVIDED ON JANUARY 23, 2018​

* ‍IF OFFER IS ACCEPTED, TRANSACTION WOULD BE EXPECTED TO CLOSE BY END OF 2018​ Source text for Eikon: Further company coverage:

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