Kenvue Inc

Kenvue shares declined, trading below the value of Kimberly-Clark's cash-and-stock acquisition offer after a slide in the acquirer's stock. The gap reflects persistent investor worries about deal hurdles.

Kenvue has issued new restricted stock unit awards to top executives, including North America head Carlos De Jesus and General Counsel Matthew Orlando, while awaiting regulatory approval for its $40 billion acquisition by Kimberly-Clark.

Kenvue shares rose 1.8% as investors assessed the pending Kimberly-Clark acquisition ahead of the company's dividend record date and quarterly results.

Kenvue stock held near $18 in premarket trading as investors await fourth-quarter results on Feb. 17, with no earnings call scheduled due to the pending Kimberly-Clark merger.

Kenvue stock rose slightly after hours to $18.18 as investors await February 17 earnings, which will lack a conference call due to the pending Kimberly-Clark merger. The deal, approved by shareholders, targets a second-half 2026 close.

Kenvue stock advanced 0.4% premarket, trading at $18.13, still below the implied value of Kimberly-Clark's acquisition offer. Investors are eyeing the February 11 dividend record date and upcoming earnings.

Kenvue stock closed at $18.13, trading below the $19.15 implied value of Kimberly-Clark's pending acquisition. The company will report earnings on Feb. 17 without a conference call and pay a $0.2075 dividend on Feb. 25.