J&J: plans to split into two companies

(CercleFinance.com) - Johnson & Johnson (J&J) has announced plans to spin off its consumer healthcare business, creating a new publicly traded company, in a deal that is expected to be completed in 18 to 24 months, subject to the satisfaction of certain conditions.


The planned separation would create two global leaders that are better positioned to improve patient and consumer health outcomes through innovation, pursue more focused business strategies and accelerate growth, the company says.

J&J adds that the board and senior management of the new consumer healthcare company will be determined and announced in due course as the planned separation process progresses.


Copyright (c) 2021 CercleFinance.com. All rights reserved.