Breaking News on Cosmetics Formulation & Packaging in North AmericaEU edition

Headlines > Business & Financial

News in brief

J&J gains clearance for Mentor acquisition

16-Jan-2009

Related topics: Business & Financial

Johnson & Johnson (J&J) has announced that it has received regulatory approval for its $1.07bn acquisition of breast implant specialist Mentor.

J&J said all applicable foreign antitrust and similar regulatory clearances required for its cash tender offer to purchase Mentor were obtained, or the relevant waiting periods for clearance have expired.

As well as selling breast implants and equipment for liposuction operations, Mentor competes with Allergan in the market for facial wrinkle fillers.

Once under the J&J roof, Mentor is expected to operate as a stand-alone business reporting through Ethicon, which sells products for wound closure and cardiovascular surgery.