Johnson & Johnson set to buy Vogue Intl for $3.3 billion
The acquisition will give Johnson & Johnson the OGX collection of shampoos, conditioners, treatments, styling products, body care and bath products, the FX hair styling product line and the Proganix and Maui Moisture hair care lines.
Vogue's hair care products are sold in the US and 38 other countries. Johnson & Johnson, based in New Brunswick, New Jersey, has brands including Neutrogena and Band-Aid.
The deal is expected to close in the third quarter. Johnson & Johnson said that the transaction isn't expected to impact its previously announced full-year sales and earnings forecasts.
Johnson & Johnson shares rose 47 cents to $113.25 in morning trading on Thursday. Its shares are up more than 13 per cent over the past year.