Kenvue and Iren M&A Activity; Cipher Mining Amazon Deal
On this episode of Stock Movers:
- Kenvue (KVUE) is soaring while Kimberly-Clark (KMB) is lower on news Kimberly-Clark agreed to buy the consumer health company in a cash and stock deal at an enterprise value of about $48.7 billion. Kimberly-Clark shares slump as much as 16% before the bell. Kenvue holders to get $3.50 per share in cash and 0.14625 Kimberly-Clark shares per Kenvue share
- Iren (IREN) is jumping after it announced it signed a five-year GPU cloud services contract with Microsoft (MSFT) valued at about $9.7 billion, and that it also entered into a $5.8 billion agreement with Dell Technologies (DELL) to purchase GPUs and related equipment.
- Cipher Mining (CIFR) is rising after signing a $5.5 billion, 15-year lease agreement with Amazon to provide turnkey space and power for AI workloads.
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