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Danaher, Blackstone Working on Bid for J&J's Ortho Unit

Danaher Corp. (DHR) and Blackstone Group LP (BX) are working on a joint bid for Johnson & Johnson's (JNJ) Ortho Clinical Diagnostics unit, Reuters reported Thursday, citing people familiar with the matter. Other bidders include Carlyle Group LP (CG), Bain Capital LLC, BC Partners and a joint approach from CVC Capital Partners and Leonard Green & Partners, Reuters reported. Ortho could be sold for more than $4 billion, the people told Reuters. Full story at Write to Subscribe to WSJ:

Stock News for Johnson & Johnson (JNJ)
04/28/201618:10:00Drugmakers Place Big Bets on Cancer Medicines
04/28/201614:32:00Johnson & Johnson Raises Dividend by 6.7%
04/28/201610:30:00Johnson & Johnson Announces Dividend Increase of 6.7%
04/28/201608:30:00Cardinal Health's Revenue Climbs, Driven by Pharmaceuticals Segment
04/27/201603:02:00Currency Trading: Weak Dollar Gives Boost to U.S. Earnings...
04/26/201619:20:00Weak Dollar Gives a Lift to U.S. Earnings
04/26/201619:08:00Weak Dollar Gives a Lift to U.S. Earnings
04/26/201616:06:00Johnson & Johnson Consumer Inc. to Acquire NeoStrata Company...
04/26/201613:10:00S&P Strips Exxon of Triple-A Credit Rating
04/26/201612:40:00Exxon Stripped of AAA Rating by S&P
04/25/201612:40:00Depomed Says Starboard Has Month to Call Shareholder Meeting
04/21/201612:16:00Johnson & Johnson to Participate in the 2016 Deutsche Bank 41st...
04/20/201603:04:00J&J Boosts Guidance for the Year -- WSJ
04/19/201612:30:00Johnson & Johnson Beats Expectations, Boosts Guidance -- Update
04/19/201609:37:00U.S. Hot Stocks: Hot Stocks to Watch
04/19/201608:02:00Current Report Filing (8-k)
04/19/201608:00:00Johnson & Johnson Beats Expectations, Boosts Guidance
04/19/201607:52:00Johnson & Johnson Beats Expectations, Boosts Guidance
04/19/201606:40:00Johnson & Johnson Reports 2016 First-Quarter Results:
04/15/201617:00:00Costco, J&J Spar Over Contact-Lens Business

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