M&A Adjustment: Kenvue, Inc. (KVUE)

Tilt Indices LLC announces a merger/acquisition adjustment affecting the index, effective 2026-11-03.

Kenvue Inc. (KVUE) is being acquired by Kimberly-Clark Corporation for $3.50 in cash and 0.14625 Kimberly-Clark shares per share. The transaction was originally announced in November 2025 and completed on November 2, 2026.

Trading in KVUE was suspended before market open on November 2, 2026. The official announcement confirming completion was released at 09:02 ET, after the index opening shares had been published.

As a result, KVUE will be valued using the deal terms at the close on November 2, 2026, and will be removed from the index before market open on November 3, 2026. The share consideration will increase the index’s holding in Kimberly-Clark Corporation (KMB), while the cash consideration will be redistributed pro-rata to remaining constituents. No replacement constituent will be added. This adjustment is made in accordance with the Tilt Indices General Index Methodology & Calculation Manual.