Johnson & Johnson Announced Its Intention To Split Off At Least 80.1% Of The Shares Of Kenvue Through An Exchange Offer, Johnson & Johnson Shareholders Can Exchange All, Some Or None Of Their Shares Of JNJ Shares Of Kenvue
Portfolio Pulse from Benzinga Newsdesk
Johnson & Johnson has announced plans to split off at least 80.1% of the shares of Kenvue through an exchange offer. Johnson & Johnson shareholders have the option to exchange all, some, or none of their JNJ shares for Kenvue shares.
July 24, 2023 | 10:20 am
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NEUTRAL IMPACT
Johnson & Johnson's decision to split off Kenvue shares could potentially impact JNJ's stock price, depending on the shareholders' response to the exchange offer.
The impact on JNJ's stock price will depend on how shareholders respond to the exchange offer. If a significant number of shareholders choose to exchange their JNJ shares for Kenvue shares, it could potentially lead to a decrease in JNJ's stock price. However, the exact impact is uncertain at this point.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The announcement by Johnson & Johnson to split off at least 80.1% of Kenvue shares could potentially increase the liquidity and trading volume of KVUE shares.
The decision by Johnson & Johnson to split off Kenvue shares could potentially increase the liquidity and trading volume of KVUE shares, as more shares will be available in the market. This could potentially lead to an increase in KVUE's stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100