Kenvue deal could double Kimberly-Clark stock's multiple: find out more

Core Insights - Kenvue Inc (NYSE: KVUE) shares opened approximately 20% higher following Kimberly-Clark's (NYSE: KMB) announcement of a $40 billion acquisition of the consumer health company [1] Company Summary - Kimberly-Clark is acquiring Kenvue Inc for $40 billion, indicating a significant investment in the consumer health sector [1] - The acquisition reflects Kimberly-Clark's strategy to expand its portfolio and strengthen its position in the consumer health market [1] Market Reaction - The market responded positively to the acquisition news, with Kenvue's stock price increasing by about 20% upon opening [1]