No surprise here

Today both U S News and Reuters are reporting that Johnson and Johnson (NYSE: JNJ) are considering selling LifeScan for $3.4 billion. According to these reports;

“Among the potential bidders is a consortium being formed by Shenzhen-listed Sinocare Inc, which develops and manufactures blood sugar monitoring systems, and China Jianyin Investment Ltd (JIC), a unit of sovereign wealth fund China Investment Corp. The group has hired an advisor to work on a bid, according to two sources.”

This really isn’t news to Diabetic Investor as we have chronicled this process since JNJ announced they were considering all . . .

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