Johnson & Johnson (JNJ) Finalizes Separation of Kenvue (KVUE), Announces Final Results of Exchange Offer

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Go back to Johnson & Johnson (JNJ) Finalizes Separation of Kenvue (KVUE), Announces Final Results of Exchange Offer

Johnson & Johnson Announces Final Results of Exchange Offer and Finalizes Separation of Kenvue Inc.

August 23, 2023 6:20 AM EDT

NEW BRUNSWICK, N.J.--(BUSINESS WIRE)-- Johnson & Johnson (NYSE: JNJ) today announced the final results of 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. The exchange offer expired at 12:00 midnight, New York City time, at the end of the day on August 18, 2023.

Pursuant to the exchange offer, Johnson & Johnson has accepted 190,955,436 shares of Johnson & Johnson common stock in exchange for 1,533,830,450 shares of Kenvue common... More