Kimberly-Clark has announced a cash and stock acquisition of Kenvue, the maker of Tylenol, valued at approximately $48.7 billion.
Upon completion, Kimberly-Clark shareholders will own about 54% of the combined company, while Kenvue shareholders will hold 46%.
The merger brings together a broad array of popular consumer brands, including:
“We will serve billions of consumers across every stage of life.” - Mike Hsu, Kimberly-Clark Chairman and CEO
Author's summary: Kimberly-Clark acquires Kenvue for $48.7 billion.