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Reuters
Reuters
Business

J&J accepts $2.1 billion offer for its LifeScan unit

FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo

(Reuters) - Johnson & Johnson said on Tuesday it has accepted private equity firm Platinum Equity's $2.1 billion buyout offer for the company's LifeScan Inc unit.

Platinum had given J&J until mid-June to accept the offer for the unit, which makes blood glucose monitoring products.

(Reporting by Uday Sampath in Bengaluru; Editing by Shailesh Kuber)

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