Kenvue attracts share purchase by activist investor Sachem Head

Kenvue attracts share purchase by activist investor Sachem Head

By Svea Herbst-Bayliss NEW YORK (Reuters) -Band-Aid and Tylenol maker Kenvue attracted the attention of another activist investor in the second quarter, with Sachem Head Capital Management reporting that it bought into the stock. Sachem, run by Scott Ferguson, said in a regulatory filing on Thursday that it owned 10.6 million shares in the consumer healthcare company on June 30. According to the filing, Kenvue was the firm’s fourth biggest holdi…

Sachem Head joins activist roster at Kenvue

Activist hedge fund Sachem Head Capital Management has taken a new stake in consumer healthcare group Kenvue, building a 10.6m share position worth roughly $223m at quarter-end, according to a report by Reuters citing the firm’s latest 13F filing. The position ranks as Sachem Head’s fourth-largest holding, behind Twilio, Talen Energy, and Seagate Technology. Kenvue, spun out of Johnson & Johnson and now valued at around $40bn, has become a magne…