Kimberly-Clark Completes $40B Kenvue Takeover; KVUE to Delist
Summary
Kimberly-Clark closed its acquisition of Kenvue on November 2, 2026, converting each Kenvue share into 0.14625 K-C shares plus $3.50 cash and triggering NYSE delisting.
Key Events · M&A and Partnerships · KVUE
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Merger Closes, Kenvue Becomes K-C Subsidiary
The two-step merger completed on November 2, 2026, with Kenvue Inc. first surviving as a K-C subsidiary and then merging into Vesta Sub II, LLC, renamed Kenvue LLC.
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Consideration: 0.14625 K-C Shares Plus $3.50 Cash
Each Kenvue share converted into 0.14625 shares of Kimberly-Clark common stock plus $3.50 in cash, with cash paid in lieu of fractional shares.
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NYSE Delisting Underway
Kenvue requested a trading suspension and a Form 25 delisting, effective 10 days after filing, with a Form 15 deregistration to follow.
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$7.0B of Senior Notes Assumed by Kenvue LLC
Kenvue LLC assumed seven series of notes totaling $7.0 billion aggregate principal, ranging from $1.0 billion of 5.050% notes due 2028 through $750 million of 5.200% notes due 2063.
Analysis · KVUE · Industrial Applications And Services
The merger closed today, with Kenvue shareholders receiving 0.14625 Kimberly-Clark shares plus $3.50 cash per share and the stock set to stop trading on the NYSE ahead of a Form 25 delisting. Kenvue LLC, now a wholly owned K-C subsidiary, assumed all $7.0 billion of the outstanding senior notes, terminated the undrawn $4.0 billion revolver, and replaced the entire board. For anyone still holding KVUE, the position converts to K-C equity plus cash — the remaining decision is whether to hold the K-C shares received.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 49.5% of the 190 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.29%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, KVUE was trading at $19.95 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $37.1B. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.