/cloudfront-us-east-2.images.arcpublishing.com/reuters/6RZWLYBPDBMEHMBDUXUDUZBHD4.jpg "J&J begins share trade supply for client well being spin-off Kenvue")
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[1/2]The Johnson & Johnson brand is displayed on a display screen on the ground of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. REUTERS/Brendan McDermid/File Photo
July 24 (Reuters) – Johnson & Johnson (JNJ.N) stated on Monday it had launched an trade supply for its traders to trade J&J’s shares with these of its client well being unit Kenvue (KVUE.N).
J&J, which at present owns an 89.6% stake within the client well being unit, stated it intends to separate off a minimum of 80.1% of Kenvue’s shares as a part of the providing.
Reporting by Bhanvi Satija in Bengaluru; Editing by Shounak Dasgupta
Our Standards: The Thomson Reuters Trust Principles.
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