Johnson & Johnson investors can soon swap their shares for Kenvue stock — here's what you need to know

J&J owns nearly 90% of Kenvue shares and plans to reduce its stake in the company through an exchange offer that could launch "as early as the coming days."

from U.S. News https://www.cnbc.com/2023/07/20/jj-investors-can-soon-swap-shares-for-kenvue-stock.html