Texas AG Blocks Tylenol Dividend, Complicates Merger

Texas Attorney General Ken Paxton seeks to halt Kenvues $400 million dividend, alleging the drugmaker concealed Tylenol risks during pregnancy. Paxtons lawsuit against Kenvue and Johnson & Johnson, filed after former President Trumps claims, argues Kenvues cash reserves could be needed for potential damages. The legal challenge complicates Kimberly-Clarks planned $40 billion takeover of Kenvue, with investors expressing concerns about the mergers future. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.