Kenvue Inc. announced the completion of its merger with K-C, resulting in a change of control and the conversion of Kenvue common stock into the right to receive K-C common stock and cash. Common shareholders have ceased to have ongoing rights as Kenvue shareholders, and the company has requested the delisting and deregistration of its shares on the New York Stock Exchange. Additionally, the company's previous credit agreement and certain incentive plans were terminated.
Each share of Kenvue common stock was converted into 0.14625 shares of K-C common stock plus $3.50 in cash.
The company notified the NYSE to suspend trading of Kenvue common stock and file for delisting and deregistration.
All members of Kenvue's board of directors resigned from their positions effective as of the First Effective Time.
Kenvue Inc. announced its financial results for the fiscal third quarter ended September 27, 2026, delivering its fourth consecutive quarter of net and organic sales growth. Net sales increased 3.2% to $3.89 billion, and diluted earnings per share rose to $0.22, reflecting ongoing productivity initiatives and disciplined execution. Due to its pending transaction with Kimberly-Clark, the company did not provide forward-looking guidance or host a conference call.
Net sales increased 3.2% to $3.886 billion for the third quarter ended September 27, 2026, with organic sales growing 2.9%.
Diluted earnings per share increased to $0.22 compared to $0.21 in the prior year period, while adjusted diluted earnings per share rose 4% to $0.29.
Free cash flow for the first nine months of fiscal 2026 increased to $1.6 billion compared to $1.0 billion in the prior year period.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.