Kenvue Inc. (KVUE): M&A transaction — Kenvue completes split-off from J&J, becomes fully independent; J&J retains 9.5% stake, S&P 500 inclusion

Kenvue Inc.

J&J exchanged 190.96M JNJ shares for 1.534B KVUE shares, reducing its ownership to 9.5% from 89.6%.
Kenvue shares to be added to S&P 500 index before trading on August 25, 2023.
Split-off completed, making Kenvue a fully independent company effective immediately.
CEO Thibaut Mongon says company is writing next chapter as a global consumer health leader.

item 5.01 item 7.01 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 0.9

Kenvue Inc. underwent a change of control involving Johnson & Johnson (closed 2023-08-23).

Action: change of control
Counterparty: Johnson & Johnson
Closing: 2023-08-23

Exact text from the filing

On August 23, 2023, Johnson & Johnson announced the final results of its previously announced split-off exchange offer (the “Exchange Offer”) of up to an aggregate of 1,533,830,450 shares of common stock of Kenvue Inc. (“Kenvue”) held by Johnson & Johnson in exchange for shares of Johnson & Johnson common stock.

View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Kenvue Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-030302

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.