Johnson & Johnson to No Longer Own Kenvue Shares After Proposed Offering Closes-November 2024-www.financetom.com

Johnson & Johnson to No Longer Own Kenvue Shares After Proposed Offering Closes

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Johnson & Johnson to No Longer Own Kenvue Shares After Proposed Offering Closes

May 13, 2024 4:59 AM

07:28 AM EDT, 05/13/2024 (MT Newswires) -- Johnson & Johnson ( JNJ ) is expected to exchange 182,329,550 shares of Kenvue's ( KVUE ) common stock for indebtedness of Johnson & Johnson ( JNJ ) to be held by Goldman Sachs and J.P. Morgan, Kenvue ( KVUE ) said Monday.

Following the completion of the proposed offering, Johnson & Johnson ( JNJ ) will no longer own any shares of Kenvue ( KVUE ) common stock, according to Kenvue ( KVUE ).

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