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Johnson & Johnson Joins the $600 Billion Breakup Club

Happy Friday — health-care deals reporter Michelle F. Davis here! Today in Bloomberg Deals we are looking at another corporate breakup — of Johnson & Johnson — as well as Labcorp’s talks to merge part of its business with Syneos and a suite of General Mills divestitures.

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First General Electric, then Toshiba and now Johnson & Johnson. The corporate giants all announced plans to split up their businesses this week. With a combined market cap of almost $600 billion, that’s going to mean a big old chunk of fees for dealmakers to chase.