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via finance.yahoo.comBusiness & Companies

Abbott Laboratories plans Nutrition spin-off and names Daniel Salvadori CEO

FROM THE WIRE · FINANCE.YAHOO.COM

Abbott Laboratories (NYSE:ABT) plans to separate its Nutrition segment into an independent publicly traded company, targeting completion after regulatory and internal approvals. The Nutrition division, which records about US$8.5b in annual sales, will move out of Abbott into the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralSpinning off a unit with about $8.5b in annual sales matters for the stock, though the expected impact is neutral.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Abbott plans to separate its Nutrition segment into an independent listed company.
  2. 02The Nutrition division records about $8.5b in annual sales.
  3. 03Daniel Salvadori has been appointed CEO of the future standalone Nutrition company.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Abbott LaboratoriesABTStock102.88 USD+0.04%today -0.21%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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