Abbott: Still A Dividend Growth Stalwart? – Seeking Alpha
: Last week Abbott Laboratories (ABT) announced that it plans to separate into two publicly traded companies around the end of 2012. One, retaining the Abbott name, will focus on diversified medical products. The other, “New Pharmaceutical Company,” will focus on research-based drugs. Both companies will be global leaders in their respective industries on the day they begin.
In the announcement, Abbott stated that the “two publicly traded companies will offer shareholders distinct opportunities given unique investment identities, business profiles and attributes,” and that the decision “builds on a decade of strategic and operational advancements.” Miles White, chairman and chief executive officer, stated