Global Finance News
03 Nov 2025, 17:56
Kimberly-Clark to Acquire Kenvue in $3.50 Cash and Stock Deal
Kenvue (NYSE: KVUE) entered into a definitive merger agreement to be acquired by Kimberly-Clark (NYSE: KMB). Under the deal, Kenvue shareholders will receive 0.14625 shares of Kimberly-Clark common stock and $3.50 in cash per Kenvue share. The transaction, unanimously approved by both boards, will create a combined company with expanded consumer health and hygiene portfolios. Following the merger, Kenvue will become a wholly owned subsidiary of Kimberly-Clark through a two-step merger structure. Kenvue CEO Kirk Perry, previously interim CEO, was appointed permanently alongside an amended executive severance plan effective at closing. The companies expect to file a joint proxy statement and Form S-4 registration with the SEC, with closing targeted following regulatory and shareholder approvals.
Kenvue (NYSE: KVUE) entered into a definitive merger agreement to be acquired by Kimberly-Clark (NYSE: KMB). Under the deal, Kenvue shareholders will receive 0.14625 shares of Kimberly-Clark common stock and $3.50 in cash per Kenvue share. The transaction, unanimously approved by both boards, will create a combined company with expanded consumer health and hygiene portfolios. Following the merger, Kenvue will become a wholly owned subsidiary of Kimberly-Clark through a two-step merger structure. Kenvue CEO Kirk Perry, previously interim CEO, was appointed permanently alongside an amended executive severance plan effective at closing. The companies expect to file a joint proxy statement and Form S-4 registration with the SEC, with closing targeted following regulatory and shareholder approvals.