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

 Johnson & Johnson said on Monday it was expecting to retain a stake of about 9.5% in its newly separated consumer health unit, Kenvue, 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.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

GLOBAL BUSINESS AND FINANCE MAGAZINE

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