It is the third major company to announce plans to break up its business this week after General Electric and Toshiba.
The spin-off will create "two global leaders that are better positioned to deliver improved health outcomes for patients and consumers through innovation," Johnson & Johnson said in a statement on Friday. Alex Gorsky, CEO of the 135-year-old company, said the decision to create a new consumer health business was made following a "comprehensive review."
"This planned transaction would create two businesses that are each financially strong and leaders in their respective industries," Duato said.
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The name of one company will be Johnsons, and the name of another will be Johnson.
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Johnson & Johnson to split into two companies, separating consumer health businessShares of Johnson & Johnson jumped in premarket trading Friday, after the health care giant announced it its splitting itself into two publicly traded do your own research! ;) good Fake
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Johnson & Johnson to split into two companiesJohnson & Johnson is splitting into two companies, separating the division that sells Band-Aids and Listerine, from its medical device and prescription drug business. The company said Friday the move will help improve the focus and speed of each company to address trends in their different industries. I wonder which part will get to keep the & Called 'Johnson' and 'Johnson' respectively. The companies shall be called 'Johnson' and also 'Johnson'
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Johnson & Johnson Shares Jump In Premarket As Firm Plans To Split Into Two Separate CompaniesI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com If their vaccine does not help in the slightly longer term, this component should be disposed of and then we make Baby Powder!
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WSJ News Exclusive | Johnson & Johnson Plans to Split Into Two Public CompaniesJohnson & Johnson intends to separate its high-margin but risky prescription-drugs and medical-devices business from its storied but slower-growing consumer group, creating two publicly traded companies. Proctor and Gamble should buy the consumer business. So Johnson&Johnson will split into…Johnson and Johnson? 😡It's what you do when you owe consumers BILLIONS in class action lawsuits for marketing a cancerous, dangerous and defective product (baby powder & shower 2 shower) specifically to minority pop in US, and that stuff is STILL ON THE SHELVES? --
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