Bayer CEO Rejects a Breakup After J&J and General Electric Split

Bloomberg2021-11-18

Bayer AG’s chief executive officer said the conglomerate will continue to run its three main business units under one roof, even as investor interest in the potential for splits among large ...

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MaxWin
2021-11-18
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The decision was made by the German company’s board of management and endorsed by the supervisory board, he said after being asked about a possible breakup.\nBaumann’s comments come after Johnson & Johnson last week announced it would split its pharmaceutical and consumer health care units into two separately traded companies -- a strategy other pharmaceutical companies have recently pursued to focus on their most profitable drug development efforts. General Electric Co. announced it would break intothree piecesdays earlier.\nAll three companies have perennially been asked about the potential for a breakup, though no announcements have come until this this month. 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