stock exchange
I own Johnson&Johnson stock. They are asking me if I would like to exchange this stock for Kenvue common stock. Why are they doing this? Is it a good idea? Thank you
Terry Says
J&J is splitting up. You have your pick of which side of the company you want — or a piece of each.
Kenvue is J&J’s consumer brands (BandAid, Tylenol) — likely a slower growth company. The remaining J&J is a healthcare and medical technology company.
Both will be large, stable companies.
You have the option to switch part or all from J&J to Kenvue. They are trying to incentivize people to move at least some stock to Kenvue by offering a 7% discount, which is currently trading under the symbol KVUE.
I can’t give advice on this. You are not required to do anything, and can keep your original J&J shares. Or you might consider moving half to Kenvue — not knowing which of these two companies will outperform in the future!
