Credit: Number1411/Shutterstock Prepping for Spinoffs Requires Legal Departments to Shift Into Overdrive
Spinoffs and breakups like those of General Electric, Toshiba and Johnson & Johnson require the integral involvement of legal departments every step of the way.
November 22, 2021 at 01:01 PM
4 minute read
In one week this month, three iconic companies announced plans to break themselves apart. General Electric and Toshiba each plans to separate into three companies, while Johnson & Johnson plans to divide into two.
Take note, corporate legal departments. M&A attorneys say many more companies are likely to announce similar deals in the coming months—launching processes that can take as long as two years and require the integral involvement of legal departments every step of the way.
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