Interesting idea, but how do you get 17%? As of Friday, JNJ shares closed at $173.85, KVUE closed at $23.72. Indicative ratio (as of Friday) was 7.9334x (per https://www.envisionreports.com/jnjseparation/2023/JNJSeparationaug11/index.html?voting=true).
That gives me an 8.2% return, unless I am missing something?