January 23, 2018 / 3:09 PM / 3 months ago

BRIEF-J&J says $12 bln of overseas cash "will come back immediately"

Jan 23 (Reuters) - Johnson & Johnson:

* SAYS DOES NOT EXPECT TO SEE GENERIC COMPETITION FOR ZYTIGA IN 2018

* CFO SAYS $12 BILLION OF OVERSEAS CASH “WILL COME BACK IMMEDIATELY”

* CFO SAYS COMPANY WILL USE REPATRIATED CASH TO FUND U.S. OPERATIONS, PAYING DOWN DEBT

* CEO SAYS COMPANY IS ACTIVELY LOOKING AT STRATEGIC OPTIONS FOR DIABETES BUSINESS Further company coverage: (Reporting By Michael Erman)

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