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Kenvue Stock Skyrockets After $48.7B Kimberly-Clark Deal
Kimberly-Clark (NYSE: KMB) just announced a $48.7 billion cash-and-stock deal to acquire Kenvue (NYSE: KVUE) — the company behind Tylenol, Band-Aid, and Neutrogena. Before the market opened, Kenvue stock surged 20.95% to $17.38, while Kimberly-Clark fell 14%. The deal values Kenvue at roughly $21 per share (about $40.3 billion in equity) and ...
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