Medtronic to Separate Diabetes Business [Yahoo! Finance]
Abbott Laboratories (ABT)
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Source: Yahoo! Finance
Under Medtronic's plan, the new unnamed company will also be publicly traded, Medtronic said. The diabetes business generated nearly $2.8 billion in sales in its most recent fiscal year, ending in April, up 10.7% from the prior year. Medtronic reported more than $34 billion in sales last year. How Two CEOs Mixed Romance and Business, Leading to Scandal Senators Question Shari Redstone Over Efforts to Reach CBS Settlement With Trump Watch Me Try Google's Live Language Translator. It's Wild. It Moved the ‘Eras' Tour's Equipment. Now It's Worth Over $1 Billion. Ford Poured Billions Into Two EV Battery Plants. It's Only Using Part of One. Galway, Ireland-based Medtronic, which operates out of Minneapolis, will complete the process of separation within 18 months. The transaction will allow the diabetes business to grow faster, and for Medtronic to accelerate growth of its remaining divisions, Medtronic Chief Executive Geoff Martha said in an interview. “To realize the full p
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ABT
Earnings
- 4/16/25 - Beat
ABT
Sec Filings
- 5/29/25 - Form SD
- 5/2/25 - Form 4
- 5/1/25 - Form 8-K
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