Please do some research about John and Johnson's "build borrow buy framework". ///. Please find more sources if needed!
WSJ: “In 2019, Pfizer and GlaxoSmithKline GSK 0.42% combined their over-the-counter businesses into a joint venture, GSK Consumer Healthcare, which sells pain medicine Advil. Merck sold its consumer business, which makes Coppertone sunscreen, to Bayer AG for $14.2 billion in 2014.” <----- Could use this as an example of a rival company and how they acted (https://www.wsj.com/articles/johnson-johnson-plans-to-split-into-two-public-companies-11636715700)
https://www.npr.org/2021/11/12/1055346617/johnson-split-public-health-care-company
https://www.barrons.com/articles/johnson-and-johnson-split-stock-51636764827 <------Investor viewpoint of the split
https://www.wsj.com/articles/johnson-johnson-plans-to-split-into-two-public-companies-11636715700 <-----General info
https://time.com/6117060/johnson-johnson-split/ <-----Political coverage