Kenvue prices secondary stock offering as Johnson & Johnson exits

he modern architecture of business center of Johnson and Johnson, Allschwil


  • Kenvue (NYSE:KVUE) priced its secondary underwritten public offering of 182.3M shares at $20.00 apiece, which are being offered as part of Johnson & Johnson’s (NYSE:JNJ) exit from the company in a debt-for-equity exchange.
  • The offering is expected to close on May 17.
  • After the completion of the offering, J&J (JNJ) will no longer own any Kenvue (KVUE) shares.

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