KVUE · 10-Q · 2026Q2 · Full report

Acquisition / Partnership / Divestiture

Kenvue Inc. · 2026-08-06 · Importance 75 · Surprise 60 · In source text

K-C agreed to acquire all outstanding Kenvue shares in a stock-and-cash merger approved by Kenvue’s Board on November 2, 2025. Kenvue shareholders will receive 0.14625 K-C common shares plus $3.50 cash per Kenvue share, and are expected to own approximately 46% of the combined company while current K-C shareholders own approximately 54%. The transaction is expected to close in the fourth quarter of 2026, subject to customary conditions and foreign regulatory approvals; Kenvue and K-C shareholders approved the transaction-related matters on January 29, 2026, and the Hart-Scott-Rodino waiting period expired on February 4, 2026. Kenvue is incurring advisory, legal, professional-service, and other transaction costs, although acquisitions and divestitures did not affect reported sales in either comparison period.

Key facts

• Pending Transaction expected to close in the fourth quarter of 2026 source
• Pending Transaction: Company shareholders will receive 0.14625 shares of K-C Common Stock and $3.50 in cash for each share of the Company source
• Upon completion of the Pending Transaction, current Company shareholders are expected to own approximately 46% and current K-C shareholders are expected to own approximately 54% of the combined company on a fully diluted basis source
• Shareholders approved the adoption of the Merger Agreement on January 29, 2026 source
• Hart-Scott-Rodino waiting period applicable to the Pending Transaction expired on February 4, 2026 source
• The Company is incurring costs in connection with the Pending Transaction including advisory fees, legal costs, professional service costs, and other related costs (referred to as Pending Transaction and other related costs) source

Impact estimates