DuPont to Split Into Three Companies as CEO Breen Steps Back [Yahoo! Finance Canada]
Johnson & Johnson (JNJ)
Last johnson & johnson earnings: 4/14 06:31 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The company will separate its electronics and water units through tax-free transactions, DuPont announced Wednesday in a statement. The remaining operations will be focused on industries such as biopharma and medical devices, with products including Tyvek and Kevlar. ADVERTISEMENT The announcement follows a parade of corporate icons such as Johnson & Johnson, United Technologies, Danaher Corp. and General Electric Co. that have broken up in recent years in bids to create additional value for shareholders. Many traditional industrial conglomerates are finding fewer benefits from synergies such as pooled fixed costs, said Barry Cross, a professor and assistant dean at the Queen's University Smith School of Business. “They are loose collections of parts that don't always make sense to keep together anymore,” said Cross, who once worked at DuPont but has no current connection with the company. Splitting up “can provide more value with focused leadership
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JNJ
Earnings
- 4/16/24 - Beat
JNJ
Sec Filings
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- 5/28/24 - Form SD
- JNJ's page on the SEC website