Johnson & Johnson said Monday it is planning to spin off at least 80.1% of its shares of Kenvue Inc. through an exchange offer. The consumer goods and...
Johnson & Johnson JNJ said Monday it is planning to spin off at least 80.1% of its shares of Kenvue Inc.
through an exchange offer. The consumer goods and healthcare giant announced its intention to launch an exchange offer for the separation of Kenvue, its consumer health business which went public in May, when it reported earnings last week. Johnson & Johnson shareholders can exchange some or all of their J&J shares for Kenvue shares at a 7% discount, the company said in a statement.
through an exchange offer. The consumer goods and healthcare giant announced its intention to launch an exchange offer for the separation of Kenvue, its consumer health business which went public in May, when it reported earnings last week. Johnson & Johnson shareholders can exchange some or all of their J&J shares for Kenvue shares at a 7% discount, the company said in a statement.
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