johnson-&-johnson-stock-jumps-because-it-plans-to-split-in-two

Johnson & Johnson Stock Jumps Because It Plans to Split in Two

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https://www.barrons.com/articles/johnson-johnson-split-jnj-stock-51636716863


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Johnson & Johnson announced plans on Friday to split from its consumer health division, spelling the end of the last great pharmaceutical conglomerate.

Johnson & Johnson (ticker: JNJ) shares were up on the news, which comes two months before a planned CEO transition, in which longtime Johnson & Johnson executive Joaquin Duato is slated to replace Alex Gorsky in the top post.

Johnson…