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

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Wells Fargo says Johnson & Johnson's Kenvue spin may complete in Q3

July 24, 2023 9:58 AM EDT

On Monday, Johnson & Johnson (NYSE: JNJ) announced an exchange offer for its stockholders to choose shares of Kenvue (NYSE: KVUE), its newly listed consumer health unit.

The company said it intends to split off at least 80.1% of the... More