Johnson & johnson launches exchange offer for separation of kenvue inc.

New brunswick, n.j.--(business wire)--johnson & johnson (nyse: jnj) today announced its intention to split-off at least 80.1% of the shares of kenvue inc. (nyse: kvue) (“kenvue”) through an exchange offer. kenvue, formerly johnson & johnson's consumer health business, completed its initial public offering (“ipo”) in may 2023. through the planned exchange offer, johnson & johnson shareholders can exchange all, some or none of their shares of johnson & johnson common stock for sha.
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