Johnson & Johnson will buy back shares of Japanese Ci:z for 2 billion 50 million dollars

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Johnson & Johnson announced a deal with Japanese Ci:z Holdings for the purchase of all its outstanding shares for 230 billion yen. Jonson & Johnson, through its subsidiary, already owns a 19.9% stake in the Japanese company. Under the terms of the deal, the American company will pay 5,900 yen per Ci:z share, taking into account the 55% premium compared to the price of the shares at the end of trading on Tuesday. Having gained control over the popular brands of the Japanese company, Johnson & Johnson expects to strengthen its position in the field of innovation in the international market.

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