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

Jul 24, 2023

∙ Paid

Good Morning,

I just learned more about Johnson & Johnson's (JNJ) plans to separate Kenvue (KVUE). You can read the whole press release here.

Long story short, JNJ would allow shareholders to either:

1. Keep JNJ shares without doing anything
2. Exchange a portion of JNJ shares for KVUE shares
3. Exchange all their JNJ shares for KVUE shares

The letter linked …

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