Fortive offers $2.8bn for Johnson & Johnson’s ASP unit

US-based Johnson & Johnson has announced that the industrial Fortive Corp Group has submitted a $2.8bn bid–all in cash–to acquire  Advanced Sterilization Products (ASP) unit, which produces solutions to prevent infections in hospitals and other health units. ASP generated sales of $775m in 2017 and JnJ has 120 days to accept or decline the offer.

(Source: Reuters)