Activist investor Starboard Value acquires substantial stake in Kenvue Inc., future strategic changes possible.

Activist investor Starboard Value has acquired a substantial stake in Kenvue Inc. (NYSE:KVUE), a consumer products company known for brands like Tylenol and Listerine. Kenvue, which was spun off from Johnson & Johnson last year, may see strategic changes as Starboard seeks to improve its performance, though specific plans have not been disclosed. This move indicates potential growth opportunities for Kenvue.

October 21, 2024
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