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Summary Box: J & J in talks with device maker

Mon, 04/18/2011 - 11:17am
The Associated Press

IN PLAY: Synthes Inc., a Swiss-U.S. maker of orthopedic implants and instruments, confirms it's in acquisition talks with Johnson & Johnson, a top global manufacturer of medical devices.

J&J RATIONALE: It could raise revenue with Synthes' $4 billion in sales, and cut overlapping jobs to boost profit. Longer-term, it would gain a dominant position in the growing market for orthopedic surgery products, particularly for trauma patients.

SWISS RICHES: The sale could make multibillionaire chairman Dr. Hansjorg Wyss, who owns 40 percent of Synthes, Switzerland's richest man.

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