Johnson & johnson announces preliminary results of kenvue inc. exchange offer

New brunswick, n.j.--(business wire)--johnson & johnson (nyse: jnj) today announced that, based on preliminary results, its previously announced offer to its shareholders to exchange their shares of johnson & johnson common stock for shares of kenvue inc. (nyse: kvue) (“kenvue”) common stock owned by johnson & johnson was oversubscribed. the exchange offer expired at 12:00 midnight, new york city time, at the end of the day on august 18, 2023. under the terms of the exchange offer,.
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