NasdaqGS:NEOGMedical Equipment
Neogen Reshapes Portfolio Around Food Safety With Divestitures And Job Cuts
Neogen has agreed to sell its Genomics business to Zoetis as part of a wider portfolio reshaping.
The company has completed the divestiture of its Cleaners and Disinfectants business.
Neogen is implementing a major restructuring, including a 10% global headcount reduction.
These actions concentrate the business around its core Food Safety segment and streamline operations.
For investors watching NasdaqGS:NEOG, these moves come after a mixed share price history. The stock is at $9.42, with a...