J&J holders will receive 8 Kenvue shares for every J&J share in the exchange offer

J&J holders will receive 8 Kenvue shares for every J&J share in the exchange offer

font size J&J took consumer health company Kenvue public in May. Mark Ralston/AFP via Getty Images Johnson & Johnson Just over eight shares will be issued Kinfu Each of its shares in what is likely to be a stock offering is oversubscribed totaling about $40 billion. The pricing period for the exchange offer runs from … Read more

Target, Coherent, Cava, Tower Semi, DLocal, VinFast, Tesla and more market drivers

Target, Coherent, Cava, Tower Semi, DLocal, VinFast, Tesla and more market drivers

font size Stock futures rose modestly on Wednesday. Dream time Stock futures signaled a slightly higher start on Wall Street on Wednesday after stocks fell after retail sales data sent bond yields higher. The Federal Reserve will release the minutes of the central bank’s meeting on July 25-26 in the afternoon. These stocks were poised … Read more

J&J’s Kenvo deal may be very popular. What happens if it is.

J&J's Kenvo deal may be very popular.  What happens if it is.

font size Johnson & Johnson took consumer health company Kenvue public in May. Mark Ralston / Getty Images Johnson and Johnson ‘s $40 billion stock exchange offer Kinfu It is likely to generate strong interest from the healthcare company’s shareholders, resulting in participants being able to swap only a portion of their J&J stock. Johnson … Read more

US Steel, Tesla, AMC, Nikola, and More Stock Market Movers

US Steel, Tesla, AMC, Nikola, and More Stock Market Movers

font size US Steel rejected an unsolicited buyout offer from rival Cleveland Cliffs. Sean Gallup / Getty Images Stock futures rose on Monday as markets faltered, adding to this year’s rally during the month of August. The focus on Wall Street this week will be the minutes of the Federal Reserve’s latest policy meeting and … Read more