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(Scot Yount, NECN) - 78-year-old Matilda Winslow lives on a fixed income in Boston’s Dorchester neighborhood. She gets some free heating oil each winter from citizen's energy. This was the scene four years ago. It could have been dismissed as a...
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UNITED NATIONS (AP) - The United Nations said Monday there is an "increasingly alarming" humanitarian crisis in Gaza, directly contradicting Israeli denials that its offensive caused the growing problem. U.N. humanitarian chief John Holmes...
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Federal aid OK'd for ice storm disaster relief
BOSTON (AP) - The federal government has agreed to provide disaster aid for Massachusetts communities hardest......read more
 
December 1, 2008
Johnson & Johnson buying Mentor for $1.07B

NEW YORK (AP) - Health care products company Johnson & Johnson says it will buy the medical products supplier Mentor for $1.07 billion in a move to boost its presence in cosmetic and reconstructive medicine.

Santa Barbara, Calif.-based Mentor Corp. is known for cosmetic surgery products such as the wrinkle treatment Botox and breast implants.

Under the deal announced Monday, New Brunswick, N.J.-based J&J will start a cash tender offer of $31 per share for Mentor. That's nearly double Mentor's closing price of $16.15 on Friday.

Mentor shares are up $13.85, or 85.8 percent, to $30 in premarket trading.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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