Kenvue completes merger with K-C
KMB•Kenvue completed its merger with K-C, with eligible common shares converted into the right to receive 0.14625 shares of K-C common stock and $3.50 in cash per share.
1. Merger completed
Kenvue completed its merger with K-C. Eligible common shares were converted into the right to receive K-C common stock at an exchange ratio of 0.14625, plus $3.50 in cash per share. At closing, the company terminated its $4 billion senior unsecured revolving credit facility, which had no outstanding borrowings.
