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Notable Mergers and Acquisitions of the Day 12/01: JNJ/MNT, AIG, F, FFH

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    Last Updated: December 2nd, 2008
    • Johnson & Johnson (NYSE: JNJ) and Mentor Corporation (NYSE: MNT) announced a definitive agreement whereby Mentor will be acquired for approximately $1.07 billion in a cash tender offer. Under the terms of the agreement, Johnson & Johnson will commence a tender offer to purchase all outstanding shares of Mentor at $31.00 per share.

      Shares of Mentor closed at $16.15 on Friday.

      Mentor is expected to operate as a stand-alone business unit reporting through ETHICON, Inc., a Johnson & Johnson company and leading provider of suture, mesh and other products for a wide range of surgical procedures. The acquisition of Mentor will provide

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