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Abbott to spin off nutrition business after formula turmoil
Original: Abbott Laboratories plans to spin off nutrition business, following years of tumult over infant formulas
Abbott Laboratories says it plans to spin off its nutrition business, a unit that includes its infant formula products. The move follows years of upheaval in the company's formula operations, including recalls and supply disruptions. The announcement was widely reported by major US outlets, with coverage focused on how the split will reshape one of Abbott's core businesses and what it means for the infant formula market.
Why now: Abbott's announcement of a major corporate restructuring, coming after the damaging infant formula crisis, is significant news for investors and consumers.
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Evidence
- Abbott Laboratories plans to spin off nutrition business, following years of tumult over infant formulas · Daily Herald
- Abbott Laboratories plans to spin off nutrition business, following years of tumult over infant formulas · Yahoo Finance
- Abbott Laboratories plans to spin off nutrition business, following years of tumult over infant formulas · Chicago Tribune
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