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6 months ago
BRIEF-Integra Lifesciences plans to acquire Codman neurosurgery business from Johnson & Johnson for $1.045 bln
February 15, 2017 / 12:25 PM / 6 months ago

BRIEF-Integra Lifesciences plans to acquire Codman neurosurgery business from Johnson & Johnson for $1.045 bln

Feb 15 (Reuters) - Integra Lifesciences Holdings Corp

* Integra Lifesciences plans to acquire the Codman neurosurgery business from Johnson & Johnson for $1.045 billion in cash

* Deal for $1.045 billion in cash

* Transaction expected to be accretive to integra's adjusted earnings per diluted share by at least $0.22 in first fy

* Says expects codman neurosurgery revenue to experience some initial disruption in first year of combination

* Says expects codman neurosurgery revenue to grow 3% to 6% longer term

* Says has obtained committed financing, subject to customary closing conditions, from BofA Merrill Lynch and JPMorgan

* Deal expected to also accelerate path to achieving co's aspirational targets of $2 billion in revenue, 30% adjusted ebitda margin Source text for Eikon: Further company coverage:

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