Johnson & Johnson is planning to become two companies. Current shareholders can expect to own shares in both when the breakup happens.
On Friday, J&J said that household names like Band-Aid, Tylenol and Johnson’s Baby Powder will be housed in one consumer company. In the other will be the pharmaceutical side of J&J that has thrived in recent years and just this year launched its own Covid-19 vaccine.
Source: finance.yahoo.com
Related posts:
Most stocks can't keep up with the breakneck pace of inflation — but these 3 dividend stocks are pul...
Apple wins $250 US jury verdict in patent case over Masimo smartwatches
Mohamed El-Erian Says Stagflation Is Coming; Here Are 2 ‘Strong Buy’ Dividend Stocks to Protect Your...
Medical Properties Trust Stock Sinks After Hospital Landlord Suffers New Losses
How to invest during a bear market, according to investment advisors