Johnson & Johnson (JNJ) Launches Exchange Offer for Separation of Kenvue (KVUE)

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Go back to Johnson & Johnson (JNJ) Launches Exchange Offer for Separation of Kenvue (KVUE)

Johnson & Johnson Launches Exchange Offer for Separation of Kenvue Inc.

July 24, 2023 6:18 AM EDT

Separation enhances Company focus on Pharmaceutical and MedTech Research & Development to deliver innovative and differentiated health outcomes

Johnson & Johnson shareholders can exchange all, some or none of their shares of Johnson & Johnson common stock for shares of Kenvue

Provides Johnson & Johnson shareholders with option for a tax-free exchange for U.S. Federal income tax purposes

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:... More