Tag Archives: Joe Jimenez

Novartis Still Thinking Alcon Spinoff…In 2019

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Earlier this year Novartis (NVS) CEO Joe Jimenez said the company was considering a sale or a spinoff of Alcon, its surgical equipment and eye care business. The company paid a hefty penny (actually ~$50b worth of pennies) to acquire the business back in 2010, but as with a lot of M&A, things haven’t gone as planned. Many… Read More »

Novartis(NVS) Exploring Options To Divest $25+ Billion Eye-Care Unit

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Swiss pharmaceutical giant Novartis (NVS) is considering a spin off Alcon, its surgical equipment and contact lens business. While most of its peers are busy acquiring each other, Novartis is taking a more inward-focused approach also announcing today a $5 billion share buyback. Reporting its 2016 earnings, Novartis said: “Novartis is considering options for the Alcon Division. The… Read More »