Business & Finance
Johnson & Johnson to buy Momenta for about $6.5bn
- J&J will pay $52.50 for each Momenta share, a 70.4pc premium to Tuesday's closing price.
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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 70.4pc premium to Tuesday's closing price.