Kenvue Stock Pops on News Kimberly-Clark Will Buy It for $48.7B. Is It Too Late to Buy KVUE Here?
Kenvue (KVUE) shares are up roughly 15% at writing after Irving, Texas-headquartered Kimberly-Clark (KMB) said it will buy the consumer health company in a deal that values it at 3.50 per share in cash and the remainder in KMB stock. The deal will unlock synergies worth $2.1 billion in total, according to the companies’ joint press release on Monday. More News from Barchart Despite today’s surge, Kenvue stock is down well over 30% versus its year-to-date ...