Red Pill/Blue Pill Redux. Abbott Board Approves Spin-Off

 

As we noted here, Abbott Labs is splitting in two.  The board formally approved it and set a December 12 record date for a January 1 dividend date.  Meanwhile, the stock price has not recovered from the body blow delivered by the failure of its kidney/diabetes drug test.  Potentially Opps Tracker candidate?  We’ll take a look.

Links:
Abbott Labs Form 8-K

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