Subject: Quick $1000 profit with odd lot Exchange Offer
https://www.envisionreports.co...
https://www.barrons.com/articl...

If I understand this correctly, you can purchase 99 shares of JNJ and tender them by 8/13/23 and receive 7.53% more stock (by dollar value) of KVUE stock. Basically you'll get about a quick $1000 profit on a $17000 investment. You're guaranteed to have all your stock exchanged only if you have less than 100 shares of JNJ stock. Otherwise, you'll join the lottery to find out what percentage gets converted.

There are some risks associated with stock movements -- JNJ down before conversion, and more particularly KVUE down after conversion. You could lock in the guaranteed profit more closely if you could short the KVUE stock, but it's hard to find KVUE stock available to short.