The ABT/ABBV separation announced about 12 years ago has to rank as one of the most successful corporate reorganizations ever, in any industry. As an ABT shareholder at the time (and still now), I was initially skeptical of the idea, which shows why I’m not an investment banker, LOL.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”