![](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
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