Kimberly-Clark to Acquire Kenvue in Strategic Merger Valued at Approximately $21.01 Per Share
Kimberly-Clark Corporation (K-C) has announced a definitive merger agreement to acquire Kenvue Inc. in a transaction that will see Kenvue become a wholly owned subsidiary of K-C. Shareholders of Kenvue are expected to receive a combination of Kimberly-Clark stock and cash, valuing the deal at approximately $21.01 per share based on recent stock prices.
In a significant move within the consumer goods sector, Kimberly-Clark Corporation, known for its trusted brands, has entered into a merger agreement with Kenvue Inc., a company focused on consumer health products. This strategic transaction will involve a two-step merger process, where Kenvue will first merge with a wholly-owned subsidiary of K-C, making Kenvue a direct wholly-owned subsidiary of Kimberly-Clark, followed by a subsequent merger involving Kenvue's newly formed entity. The deal structure provides Kenvue...