Kenvue stock edges higher as Kimberly-Clark profit beat puts takeover vote back in play
Kenvue shares rose 0.2% after Kimberly-Clark reported strong quarterly results and reaffirmed its $40 billion bid. Shareholders vote on the deal Jan. 29, with Kenvue holders set to receive $3.50 in cash and 0.14625 Kimberly-Clark shares per Kenvue share. Both companies confirmed financing plans. Deal risk persists due to Kenvue’s ongoing lawsuits and regulatory scrutiny.