J&J accepts $2.1 billion offer for its LifeScan unit

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(Reuters) – Johnson & Johnson said on Tuesday it has accepted private equity firm Platinum Equity’s $2.1 billion buyout offer for the company’s LifeScan Inc unit.

FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo

Platinum had given J&J until mid-June to accept the offer for the unit, which makes blood glucose monitoring products.

Reporting by Uday Sampath in Bengaluru; Editing by Shailesh Kuber

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