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Reuters: Carlyle lines up financing for J&J diagnostics unit

  • Carlyle Group (CG) is preparing $3.7B in financing that will back its purchase of Johnson & Johnson's (JNJ) ortho clinical diagnostics unit in a deal expected to be signed by the end of this week, Reuters reports.
  • Including equity and $3.3B in funded debt, sources peg the offer price in the $4.1B-$4.5B range.
  • Reports last month said Carlyle was nearing a ~$4B deal for the unit; the P-E firm's exclusivity period on the deal is said to end Jan. 17.
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