Connect with us

Hi, what are you looking for?

LoansOnline1LoansOnline1

Business

Johnson & Johnson Seeking Merger Opportunities

Johnson & Johnson

Johnson & Johnson is reportedly looking for opportunities to merge with or acquire other companies as they seep to add value to it’s focus market areas of eye care, surgical robots, orthopedics and cardiovascular products.

Johnson & Johnson Chief Executive Officer Joaquin Duato said on Monday that the company is in the process of spinning off its consumer healthcare business under the brand Kenvue to focus on its pharmaceutical and medical devices interests.

“We’ll continue to be disciplined in looking for opportunities in which we can create value that serve a significant unmet medical need like heart failure,” Duato said at the J.P. Morgan Healthcare Conference (h/t Yahoo Finance).

Duato said many of its future deals would likely be small “tuck-in” acquisitions.

You May Also Like

Business

The Securities and Exchange Commission (aka SEC) has officially charged former McDonald’s CEO Steve Easterbrook on Monday with misrepresenting his November 2019 firing, according...

Market

Fundstrat Managing Director Mark Newton believes that the Tesla stock is now “officially oversold” as the stock has been beaten down, but some believe...

Business

Morgan Stanley’s Chief Operating Officer Jon Pruzan, who has been a longtime lieutenant to James Gorman and once considered a potential candidate to succeed...

Market

Bed Bath & Beyond has warned that it may have to file for bankruptcy after reporting it’s quarterly earnings stating that it’s turnaround plan...