Kenvue (KVUE) has struck a deal to sell its feminine care business in Brazil to Essity for $284 million on a cash and debt-free basis, the latter said Wednesday.
The hygiene and health company said the acquisition, including Carefree and Sempre Livre brands, would strengthen its position as a market leader in feminine care in Latin America.
The transaction is expected to close in Q2 of 2027, the firm said.
Price: $19.06, Change: $+0.26, Percent Change: +1.38%
Virgin Australia's (ASX:VGN) Velocity Frequent Flyer loyalty program has received interim authorization from the Australian Competition and Consumer Commission (ACCC) to continue its retail earn partnership with 7-Eleven Stores and its franchisees, according to a Wednesday statement from the regulator.The authorization allows Velocity members to continue earning points when making purchases at 7-Eleven stores.The airline's shares fell past 1% in recent Wednesday trade.
(Updates with stock price movement in the headline and the first paragraph.)Mercury Systems (MRCY) shares fell 11% during after-hours trading on Tuesday after the company posted lower-than-expected fiscal Q4 adjusted earnings.The company reported fiscal Q4 adjusted earnings late Tuesday of $0.37 per diluted share, down from $0.47 a year earlier.Analysts polled by FactSet expected $0.38.Revenue for the quarter ended July 3 rose to $289.8 million from $273.1 million a year earlier.Analysts expected $266.1 million.
Mercury Systems (MRCY) reported fiscal Q4 adjusted earnings late Tuesday of $0.37 per diluted share, down from $0.47 a year earlier.Analysts polled by FactSet expected $0.38.Revenue for the quarter ended July 3 rose to $289.8 million from $273.1 million a year earlier.Analysts expected $266.1 million.