Blackstone reportedly teaming with Danaher to bid on J&J's diagnostic unit

|By:, SA News Editor

Johnson & Johnson (JNJ) is set to open a new round of bidding on about November 11, reports Reuters, and Blackstone (BX) and Danaher (DHR) would be competing against other P-E players like Bain, CVC Capital, BC Partners, and Carlyle Group (CG).

The unit reported sales of $2B in its most recent fiscal year and could draw a bid of more than $4B.