Johnson & Johnson said Monday it expects to retain a 9.5% ownership stake in its consumer products spinoff Kenvue, which has a major presence in Montgomery County.
Kenvue (NYSE: KVUE) — whose products include Band-Aids, Listerine and Tylenol — went public in May through a $3.8 billion initial public stock offering. The company's operations include a manufacturing plant in Fort Washington where Tylenol and other over-the-counter medicines are made.
As part of the spinoff deal, Johnson & Johnson…
