J&J starts share swap for consumer health spin-off Kenvue.

(Reuters) – Johnson & Johnson ⁤has an exciting offer‌ for its investors! The company has launched an exchange program where investors can swap their J&J shares with ⁢shares of its consumer health unit, Kenvue.

J&J, which ⁣currently owns an⁣ 89.6% stake in the consumer health unit, plans to split off at least⁣ 80.1% of Kenvue’s shares as part of this offering.

(Reporting by Bhanvi Satija in ⁣Bengaluru; Editing by Shounak Dasgupta)

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