CVS Health market cap falls $15 billion after announcing spin-off plan
CVS CVS Health Corp
$89.79 +0.30%
View chart & analysis → - 1CVS Health revealed plans on November 4 to split the company into two listed entities.
- 2CVS Health's market cap saw a $15 billion loss out of its pre-sale market cap of $117 billion.
- 3Biosimilar subsidiary Cordavis will remain with CVS Health after the split.
So what's the key point?
CVS Health announced it will divide the company into two parts. Following this news, the company's value decreased by $15 billion.
Source Pharmaceutical Technology +1 · View original ↗
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