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FILE PHOTO: The U.S. flag is seen over the company logo for Johnson & Johnson to celebrate the 75th anniversary of the company's listing at the NYSE in New York

MONEY & BUSINESS: Johnson & Johnson plans to split into two companies



FILE PHOTO: The U.S. flag is seen over the company logo for Johnson & Johnson to celebrate the 75th anniversary of the company’s listing at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid/File Photo

November 12, 2021

(Reuters) – Johnson & Johnson plans to break up into two companies, splitting off its consumer health division that sells Band-Aids and Baby Powder from its large pharmaceuticals unit, it said on Friday.

Shares of the company rose 5% before the bell.

(Reporting by Manas Mishra in Bengaluru; Editing by Arun Koyyur)





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