Johnson & Johnson to Split Into 2 Public Companies

Johnson & Johnson announced plans to split into two publicly traded companies, separating its consumer products from its pharmaceutical and medical device operations. This move, the largest in its 135-year history, aims to better focus on each division's growth. The transaction is expected to be completed in 18 to 24 months. This decision follows similar actions by other large corporations like Toshiba and General Electric, highlighting a trend towards simplification. The company believes this separation is in the best long-term interest of its stakeholders.

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