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J&J Begins Share Exchange Offer for Consumer Health Spin-off Kenvue

Reuters2023-07-24

July 24 (Reuters) - Johnson & Johnson said on Monday it had launched an exchange offer for its investors to exchange J&J's shares with those of its consumer health unit Kenvue.

J&J, which currently owns an 89.6% stake in the consumer health unit, said it intends to split off at least 80.1% of Kenvue's shares as part of the offering.

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  • GggSlimeR
    ·2023-07-24
    Thanks,Do not like my comment 
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  • Sandyboy
    ·2023-07-24
    What's the ratio
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  • valentia
    ·2023-07-24
    Why Kenvue price is down?
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