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| 04 nov 2011 |
11:25 |
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Commission opens in-depth investigation into proposed acquisition of Synthes by Johnson and Johnson
The European Commission has opened an in-depth investigation under the EU Merger Regulation into the planned acquisition of Synthes Inc. by Johnson and Johnson, both US companies active in the area of orthopaedic medical devices. The decision to open an in-depth inquiry does not prejudge the final result of the investigation. The Commission now has 90 working days, until 19 March 2012, to take a final decision on whether the transaction would reduce effective competition in the European Economic Area (EEA)1.
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