![](https://i0.wp.com/shacklemedia.com/wp-content/uploads/2023/08/jjs-kenvue-exchange-offer-was-too-popular-what-happens-to-shares-now.jpg?w=640&ssl=1)
Johnson & Johnson $35 billion exchange offer for Kenvue that expired last Friday was substantially oversubscribed. The result is that participating J&J holders will be able to convert only a fraction of their shares for Kenvue stock.
Source: finance.yahoo.com
Related posts:
How to keep your spouse's next spouse from spending your money after you die
Faangs Find Little Comfort in What Charts Suggest Lies Ahead
Here’s how much the average working boomer has saved for retirement
Perfect contrarian indicator? Jim Cramer declares the bear market is over
Berkshire Hathaway 2023: Warren Buffett says managers were 'surprised' by the economy