J&J to buy Abbott’s eye surgery unit for $4.33 bn
World's biggest maker of healthcare products Johnson & Johnson (J&J) has agreed to purchase the US-based Abbott Laboratories’ eye-surgery equipment unit, Abbott Medical Optics, for $4.33 billion. The deal is expected to be completed in the first quarter of 2017, the companies stated. This comes amid J&J attempting to boost growth and offset competition in its three core businesses.