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Article: Cardinal Health spinoff heading for New York Stock Exchange.(PUBLIC COMPANIES)
- Article from:
- San Diego Business Journal
- Article date:
- August 31, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Unless you're in the health care or medical device industries, you probably haven't heard of CareFusion, but that's about to change.
On Aug. 31, its stock debuts on the New York Stock Exchange, as it's spun off as an independent firm from its parent, Cardinal Health.
Even veteran market watchers such as Brent Wilsey of Wilsey Asset Management of Poway said he hadn't heard of the spinoff, which has been in the works for a year.
Wilsey was well aware of Ohio-based Cardinal, ranked 19th on the Fortune 500 list with annual sales of $87 billion.
While the spinoff has limited name recognition, some of the companies operating under the ...