Kenvue shares rise as Kimberly-Clark deal spread holds near 2%
Kenvue Inc. shares rose on Wednesday and added to the prior session’s gain, as the Tylenol and Band-Aid maker traded below the current value of Kimberly-Clark’s pending cash-and-stock takeover offer. Kenvue recently traded at $18.72, up 1.7%, with volume of 32.6 million shares. Kimberly-Clark rose 2.7% to $106.71, and consumer-health peer Haleon gained 3.2%.