HomeStock MarketKenvue costs secondary inventory providing as Johnson & Johnson exits

Kenvue costs secondary inventory providing as Johnson & Johnson exits


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  • Kenvue (NYSE:KVUE) priced its secondary underwritten public providing of 182.3M shares at $20.00 apiece, that are being supplied as a part of Johnson & Johnson’s (NYSE:JNJ) exit from the corporate in a debt-for-equity trade.
  • The providing is anticipated to shut on Might 17.
  • After the completion of the providing, J&J (JNJ) will not personal any Kenvue (KVUE) shares.



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