ABT is the worst managed company I have ever worked for. The past 20 years they have eroded into a culture of "yes" men who report up very well; exemplified by by the couple of $Billion (in shareholder money) they have paid to the US Gov't in fines for fraud. Not a nice track record of recent....now this was once a Blue Chip made up of fine visionaries who pioneered an incredible company...those visionaries are all gone...now it is a company that plays all sorts of manipulative games to create a perception of value, with minimal value scientific discovery of their own in the past 20 years. They destroy livlihood of mid level employees who have close to 20 years and are less than 50..before they may retire (one example of the many games they play).
So, I guess the logical next question would be "After the company splits in two, which of the two resulting companies will be better managed"?
....no fair saying that they will be equally well managed!
Technically it's a spinoff not a split. I suggest PM for diversity of portfolio since you already have ABT. PM has a great dividend, solid growth going forward and international exposure. It's been great for me!