Kenvue Stock Drops Today as Kimberly-Clark Selloff Cuts Takeover Offer Value
Kenvue shares fell 1.6% to $17.39 late Thursday, trading just below the $17.81 value of Kimberly-Clark’s cash-and-stock takeover bid after a 2.2% drop in Kimberly-Clark shares. The gap reflects ongoing investor concerns over regulatory and litigation risks, including unresolved Tylenol lawsuits. Both companies’ shareholders approved the deal in January. The S&P 500 closed down 1.52% amid a broader market selloff.