NEW YORK, Aug. 9, 2023 /PRNewswire/ -- Kenvue Inc. (NYSE: KVUE) will be added to the S&P 500 effective prior to the open on a date to be announced conditioned upon the successful completion of a voluntary exchange offer being conducted by S&P 500 & S&P 100 constituent Johnson & Johnson (NYSE: JNJ). Johnson & Johnson announced its intention to split off at least 80.1% of Kenvue shares it owns through a voluntary exchange offer that expires Friday, August 18. Kenvue will replace an S&P 500 company to be named in a separate press release closer to the S&P 500 addition effective date.
Following is a summary of the change that will take place prior to the open of trading on the effective date:
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Effective Date
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Index Name
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Action
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Company Name
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Ticker
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GICS Sector
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TBA
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S&P 500
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Addition
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Kenvue
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KVUE
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Consumer Staples
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