Why would they spin it out with a hedge fund when it's clear they aren't investing heavily in improving that part of their business? Do they just want to milk it off their balance sheet?
This is how J&J operates. When a division loses star status J&J gives them 2 or 3 years to regain luster. If they do not, and Lifescan has not, then J&J sells them or just closes them down.
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