J&J to hold 9.5% stake in Kenvue after share exchange offer - Reuters

sutitong.blogspot.com

Aug 21 (Reuters) - Johnson & Johnson (JNJ.N) said on Monday it was expecting to retain a stake of about 9.5% in its newly separated consumer health unit, Kenvue (KVUE.N), after completing a share exchange offer.

Shares of the consumer health company rose 1.4% in premarket trading.

‍J&J launched the exchange offer last month under which its stockholders could opt for shares of the former consumer health unit related to the spinoff.

Reporting by Bhanvi Satija and Mariam Sunny in Bengaluru; Editing by Anil D'Silva

Our Standards: The Thomson Reuters Trust Principles.

Acquire Licensing Rights, opens new tab

Adblock test (Why?)

"exchange" - Google News
August 21, 2023 at 05:46PM
https://ift.tt/1rgDpQ5

J&J to hold 9.5% stake in Kenvue after share exchange offer - Reuters
"exchange" - Google News
https://ift.tt/hemxPpz
https://ift.tt/Ut92ry7
Exchange

Bagikan Berita Ini