J&J’s Kenvue Exchange Offer Was Too Popular. What Happens to Shares Now.

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https://www.barrons.com/articles/jnj-kenvue-stock-price-exchange-offer-oversubscribed-c39667fb


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Johnson & Johnson $35 billion exchange offer for Kenvue that expired last Friday was substantially oversubscribed. The result is that participating J&J holders will be able to convert only a fraction of their shares for Kenvue stock.

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