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Johnson & Johnson (NYSE:JNJ) stock price is marginally up 0.5% as it finalized the exchange ratio for the split-off of Kenvue.
For each share of Johnson & Johnson common stock, it will deliver 8.0324 shares of Kenvue common stock.
Based on the final exchange ratio, JNJ currently expects to accept for exchange ~190,955,436 shares of JNJ common stock if the exchange offer is fully subscribed.
The exchange offer is currently scheduled to expire at the end of the day on August 18, 2023.
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