Johnson & Johnson plans to split into two companies

Written by on November 12, 2021

November 12, 2021

(Reuters) – Johnson & Johnson plans to break up into two companies, splitting off its consumer health division that sells Band-Aids and Baby Powder from its large pharmaceuticals unit, it said on Friday.

Shares of the company rose 5% before the bell.

(Reporting by Manas Mishra in Bengaluru; Editing by Arun Koyyur)

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