{"id":111098,"date":"2021-11-12T09:50:00","date_gmt":"2021-11-12T14:50:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=111098"},"modified":"2022-11-21T09:49:16","modified_gmt":"2022-11-21T14:49:16","slug":"johnson-johnson-to-spin-off-consumer-health-business-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/johnson-johnson-to-spin-off-consumer-health-business-what-you-need-to-know\/","title":{"rendered":"Johnson & Johnson To Spin Off Consumer Health Business: What You Need To Know"},"content":{"rendered":"\n

Johnson & Johnson<\/strong> JNJ<\/strong> <\/a>will separate its Consumer Health business<\/a> into a publicly-traded company to pursue more targeted business strategies and accelerate growth.<\/p>\n\n\n\n

Alex Gorsky will serve as Executive Chairman of Johnson & Johnson and transition the CEO role to Mr. Joaquin Duato, currently Vice Chairman of the Company’s Executive Committee, effective January 3, 2022.<\/p>\n\n\n\n

Mr. Duato would continue to lead the new Johnson & Johnson<\/a> following the completion of the planned separation.<\/p>\n\n\n\n

The New Consumer Health Company’s Board and leadership would be finalized in due course.<\/p>\n\n\n\n

The New Consumer Health Company includes four $1 billion megabrands and 20 brands over $150 million with established positions in Self Care (OTC), Skin Health, and Essential Health.<\/p>\n\n\n\n

The Consumer Health segment is expected to generate revenue of approximately $15 billion in FY21 following the planned separation.<\/p>\n\n\n\n

The Company is targeting completion of the planned separation in 18 to 24 months.<\/p>\n\n\n\n

In addition, it is expected that the overall shareholder dividend will remain at least at the same level following the completion of the transaction.<\/p>\n\n\n\n

Price Action:<\/strong> <\/h2>\n\n\n\n

JNJ shares are up 2.73% at $167.51 during the premarket session on the last check Friday.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally Posted on November 12, 2021 – Johnson & Johnson To Spin Off Consumer Health Business: What You Need To Know<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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