Kenvue rises after report Third Point Capital has built a stake

ReutersApr 25, 2025 6:47 PM

Shares of Tylenol maker Kenvue KVUE.N rise 2.13% to $23.24

Dan Loeb's Third Point has built a stake in the company, the Financial Times reports, citing people familiar with the matter

The size of Third Point's stake and the extent to which the hedge fund has engaged with Kenvue could not immediately be established, FT said

Kenvue did not immediately respond to a Reuters request for comment

In March, Kenvue appointed three new directors to its board as part of an agreement with activist investor Starboard Value

Up to last close, stock has risen 9.7% YTD

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