J&J makes $2B offer to buy out Japanese cosmetics firm

Johnson & Johnson is offering $2.1 billion for the portion of Japanese cosmetics firm Ci:z Holdings it doesn't already own.

"Health and beauty consumers are actively seeking science-based innovation to improve their skin," said Jorge Mesquita, worldwide chairman of Johnson & Johnson Consumer. "This transaction will maximise value creation for Johnson & Johnson's Consumer business by bringing in an agile innovation model and rapidly accelerating sales through our global commercialization expertise."

J&J currently owns nearly 20 percent of Ci:z, making it the second-largest shareholder in the company.

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