Wednesday, May 4, 2011

Synthes synthes, Takeover by J&J Would Make Chairman Wyss Switzerland’s Richest Man

Kedge Capital Services LTD Chairman Ernesto Bertarelli
Kedge Capital Services LTD Chairman Ernesto Bertarelli. Photographer: Martin Leissl/Bloomberg
Synthes Inc. (SYST) Chairman Hansjoerg Wyss, a Bern-born billionaire who lives in the U.S., stands to become Switzerland’s wealthiest man if the medical device-maker is sold.
Wyss, 75, ranked the world’s 154th-richest man by Forbes with $6.4 billion, owns about 40 percent of West Chester, Pennsylvania-based Synthes and has led the company for 30 years. Synthes, the biggest maker of devices to treat bone fractures and traumatic injuries, said this week that it’s in talks with Johnson & Johnson over a possible takeover.

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