Medical device and pharmaceutical company Johnson & Johnson, based in New Brunswick, said on May 28 that it will acquire Cardinal Health‘s Cordis medical device unit for $2 billion. According to NJBIZ, the deal for Fremont, California-based Cordis was announced in March and is set to close around the end of this year. There was a May 30 deadline for the binding offer.
$207M Deal for Valley National
Wayne-based Valley National Bancorp, a regional bank holding company, has acquired CNLBancshares Inc. in a $207 million deal.The $207 million was based on Valley National’s closing stock price May 22, according to the Orlando Business Journal. CNLBancshares is the holding company for CNLBank, based in Orlando, Florida.
Colonial Concrete Acquired
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