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Kimberly-Clark Stock Sell-Off Is an Overreaction After $49B Kenvue Deal

Investing.com Logo Investing.com By Jeffrey Neal Johnson
Kimberly-Clark Stock Sell-Off Is an Overreaction After $49B Kenvue Deal

Kimberly-Clark announced a $49 billion acquisition of Kenvue, causing its stock to drop 14% despite the strategic move to pivot into consumer health and create a $32 billion revenue company with iconic brands.

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Stock price dropped 14% after acquisition announcement, but article argues this is an overreaction and the long-term strategy is sound