Mergers & Acquisitions ·
Kimberly-Clark completes acquisition of Kenvue for $3.50 cash plus 0.14625 shares of stock per share
KVUEKenvue Inc.
Kimberly-Clark Corporation completed its merger with Kenvue Inc., converting each outstanding share of Kenvue common stock into the right to receive $3.50 in cash and 0.14625 shares of Kimberly-Clark common stock. The transaction resulted in the delisting of Kenvue's stock from the New York Stock Exchange, the resignation of all incumbent directors, and the assumption by the surviving entity (Kenvue LLC) of approximately $7 billion in outstanding senior notes. Kenvue operates in the consumer health products industry.