Kenvue To Join S&P 500

(RTTNews) - Kenvue Inc. (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 Johnson & Johnson (JNJ), S&P Dow Jones Indices said in a statement.

Johnson & Johnson announced its intention to split off at least 80.1% of Kenvue shares it owns through a voluntary exchange offer that expires on August 18.

The S&P Dow Jones Indices noted that 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.