Johnson & Johnson said Monday that 802.7 million shares of its common stock were validly tendered and not validly withdrawn in a Kenvue Inc. tender offer...
Johnson & Johnson JNJ, -2.23% said Monday that 802.7 million shares of its common stock were validly tendered and not validly withdrawn in a Kenvue Inc.
tender offer that expired at midnight Friday. The tender offer was oversubscribed, as expected, and J&J intends to accept about 191 million of the tendered shares in exchange for the 1.53 billion shares of Kenvue’s common stock that it owned. J&J spun out Kenvue, which houses brands like Tylenol and Listerine, earlier this year.
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