Kenvue stock steadies near $18 as investors eye Jan. 29 merger vote — here’s what matters next week
Kenvue closed Friday at $17.80, up 0.3%, ahead of a merger vote with Kimberly-Clark set for Jan. 29. The deal values Kenvue shares at about $18.45, but ongoing shareholder lawsuits and unresolved litigation over Kenvue brands threaten delays. Proxy advisers back the deal despite legal risks. Both companies hold shareholder meetings Monday to decide the merger’s fate.