Johnson & Johnson Offers Exchange for Shares of Spinoff Kenvue

Johnson & Johnson (JNJ) will spin off at least 80.1% of its shares in consumer healthcare company Kenvue (KVUE) through an exchange offer, the company said Monday. J&J shareholders will have the option to exchange all, some or none of their common stock for Kenvue stock at a 7% discount. KEY SHOTS Johnson & Johnson […]