✉news HealthNutrition first seen 1 d ago, last 1 d ago, peak #28
Abbott CEO Rules Out Selling $8.5 Billion Nutrition Business
Original: Abbott CEO Rules Out Selling $8.5 Billion Nutrition Business: 'No Interest'
Abbott Laboratories' chief executive has dismissed the idea of divesting the company's nutrition unit, valued at roughly $8.5 billion, saying there is 'no interest' in a sale. The statement puts to rest speculation that the maker of Similac and other nutrition products might shed the business to focus on its medical device and diagnostics operations.
Why now: Investors had been speculating about a potential divestiture of Abbott's nutrition arm, and the CEO's explicit rejection ends that debate.
Abbott LaboratoriesRobert Ford
Rank over time, top of the chart is #1. 3 snapshots from 1 d ago to 1 d ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/3140882