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Abbott, which also makes diagnostics and medical devices, will spin off the unit that makes Similac and Ensure into its own publicly traded company.
They’re aiming to capitalize on the high demand for stocks amid a historically strong market.
The brands are merging to form a new publicly traded company. It could give fans of each fighting world a chance to learn to like the other.
In 2008, Mike Merrill started selling shares of himself for $1 each. How’s his stock doing now?
The companies that still donate are also becoming more transparent.
