Abbott

Key Takeaways: Abbott announced its intention to separate its nutrition business into an independent, publicly traded company with approximately $8.5 billion in annual sales, including popular brands like Pedialyte, Similac, and Ensure. In Abbott’s third quarter, the nutrition business generated…

Abbott Park, Illinois – Abbott, a healthcare company, has announced its plans to spin off its Nutrition business unit into a separate, publicly-traded company by the end of this year. The new company will have around $8.5 billion in sales…