Johnson & Johnson adds to debt frenzy, borrows $ 7.5 billion to buy Momenta – MarketWatch
The Johnson & Johnson logo is displayed outside the company’s head office in New Brunswick, NJ
Bloomberg News
Johnson & Johnson took advantage of its best AAA credit ratings on Thursday to borrow $ 7.5 billion in cheap financing for its takeover of Momenta Pharmaceuticals, Inc.
J&J, which manufactures drugs, consumer goods, and medical devices, is the only other major US…