JOHNSON & JOHNSON (JNJ): M&A transaction — Johnson & Johnson completes split-off exchange of 1.53B Kenvue shares for 190.96M JNJ shares

JOHNSON & JOHNSON

Completed split-off exchange offer on Aug 23, 2023: exchanged 1,533,830,450 Kenvue shares for 190,955,435 JNJ shares.
Transaction effectively separates Kenvue (consumer health) from JNJ, reducing JNJ share count by ~190.96M shares.
Kenvue common stock now held by former JNJ shareholders who tendered shares in the exchange offer.

item 2.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 1.0

JOHNSON & JOHNSON completed a disposition involving Johnson & Johnson shareholders (closed 2023-08-23).

Action: disposition
Counterparty: Johnson & Johnson shareholders
Closing: 2023-08-23

Exact text from the filing

On August 23, 2023, Johnson & Johnson completed its previously announced split-off exchange offer of 1,533,830,450 shares of common stock of Kenvue Inc. (“Kenvue”), pursuant to which Johnson & Johnson accepted an aggregate of 190,955,435 shares of Johnson & Johnson common stock from its shareholders in exchange for 1,533,830,450 shares of Kenvue common stock owned by Johnson & Johnson.

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Source: SEC EDGAR

accession 0000200406-23-000086

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