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Medical & Health Giant IPO: Johnson & Johnson Plans to Spin-Off
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Medical & Health Giant IPO: Johnson & Johnson Plans to Spin-Off
preview: executive summary
Medial M&A, IPO Case: Johnson & Johnson is splitting into two. The health-care behemoth will spin off its consumer division (which has been beset by lawsuits) as it follows other big drugmakers in choosing to focus on more-profitable pharmaceuticals. The decision underscores just how storied companies are being forced to rethink the bigger-is-better ethos that ruled corporate America for decades. —Margaret Sutherlin
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