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Kenvue shares surge after activist Starboard takes stake - TL;DR CNBC

Kenvue shares surge after activist Starboard takes stake

Publishing timestamp: 2024-10-21 12:13:45


Summary

Activist investor Starboard Value has amassed a significant stake in Kenvue, which spun out of Johnson & Johnson in mid-2023. The activist investor is expected to detail their position further at an investor summit. Kenvue's shares surged on the news, and the company is known for iconic brands like Aveeno and Band-Aid. This move comes after Starboard also acquired a $1 billion stake in Pfizer.


Sentiment: NEUTRAL

Tickers: JNJKVUEPFE

Keywords: breaking newsmergers and acquisitionsjohnson & johnsonbusinessbreaking news: businessbusiness newsconsumer product manufacturingkenvue incactivismpfizer inc

Source: https://www.cnbc.com/2024/10/21/kenvue-activist-starboard-stake-johnson-and-johnson.html


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