Synthes Looked For Deal Amid View Of Tough Orthopedics Market (Wall Street Journal)
Synthes board saw more challenging orthopedic-device market as the board evaluated sale offers
Synthes considered offers from private equity
J&J eventually offered to acquire Synthes for $21.3B
Synthes Inc.'s board saw challenges that would weigh on growth in the orthopedics-device market as the company engaged in a sale process that eventually led to a $21.3 billion deal with J&J.
Synthes prepared long-term internal projections--excluding any unanticipated future events, like an acquisition...