Kimberly-Clark Corporation has completed its acquisition of Kenvue, which is now a wholly-owned subsidiary of Kimberly-Clark. As a result of the merger's completion on November 2, 2026, Kenvue has notified the New York Stock Exchange (NYSE) to suspend trading and delist its common stock.
Key Details
- Merger Consideration: Each share of Kenvue common stock was converted into the right to receive 0.14625 shares of Kimberly-Clark common stock and $3.50 in cash.
- Change in Control: Kenvue has ceased to be an independent, publicly traded company and now operates as a subsidiary of Kimberly-Clark. All Kenvue directors resigned effective upon the merger's closing.
- Agreement Terminations: Concurrently with the closing, Kenvue terminated its $4.0 billion senior unsecured revolving credit facility, under which no borrowings were outstanding.
- Delisting: Kenvue common stock will be delisted from the NYSE and deregistered with the SEC, ceasing its public reporting obligations.