Salem Radio Network News Tuesday, December 7, 2021

Health

Johnson & Johnson plans to split into two companies – WSJ

(Reuters) – Johnson & Johnson plans to break up into two companies, splitting off its consumer health division that sells Band-Aids and Baby Powder, the Wall Street Journal reported on Friday, citing Chief Executive Officer Alex Gorsky.

It is likely J&J would spin out its consumer unit and hold a stock offering, but no decision has been made, Gorsky told the newspaper.

Shares of the company rose 5% before the bell. J&J did not immediately respond to Reuters request for comment.

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

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