US stocks fluctuate: $4.87 billion deal triggers huge shakeup in stock prices - "acquirer" Kimberly-Clark (KMB.US) plunges 15%, Kenvue (KVUE) surges 20%

Zhtng Cijng APP learned that Kimberly-Clark (KMB.US) announced that it has reached a deal to acquire all outstanding shares of Kenvue (KVUE), the manufacturer of Teno, in the form of cash and stock. According to the agreement unanimously approved by both boards of directors, Kenvue shareholders will receive $3.50 in cash and 0.14625 shares of Kimberly-Clark stock for each share, valuing the transaction at $21.01 per share. Before the market opened on Monday, Kimberly-Clark's stock price fell by over 15%, while Kenvue's rose by over 20%.