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Abbott splits, spins off AbbVie
28 Mar 2016
Executive Summary
As of January 1, 2013, Abbott Laboratories Inc. will split into two separate, publicly traded health care companies by spinning off AbbVie Inc. Abbott will focus on diversified medical products--nutritionals (28%), devices (27%), generics (25%), and diagnostics (20%)--and AbbVie will become a research-based pharmaceutical firm that sells pharmaceuticals and biologics in the US and worldwide.
Deal Industry
- Pharmaceuticals
Deal Status
- Final
Deal Type
-
Acquisition
- Divestiture/Spin-Out
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