Tylenol Maker Eyes Best Day Ever on Kimberly-Clark Deal
Tylenol maker and former Johnson & Johnson (JNJ) spinoff Kenvue Inc (NYSE:KVUE) is 16.7% higher to trade at 48.70 billion in cash and stock. The deal is expected to close in the second half of 2026. Today's lift is well overdue for KVUE, trading at record lows of $14.02 on Oct. 30 and still down 22.8% year to date even after today's gap higher, poised to be its best day since August 2024. Options are surging in response 8 ...