Kimberly-Clark Acquires Kenvue in $48.7 Billion Deal
Kimberly-Clark Corporation will acquire all outstanding shares of Kenvue Inc. in a cash and stock transaction valued at $48.7 billion.
The combined entity projects $7 billion in annual EBITDA and targets $2.1 billion in synergies from complementary brand portfolios, with projected annual net revenues of approximately $32 billion.
- The deal brings together 10 billion-dollar brands.
- Kenvue shareholders will receive $3.50 per share in cash plus 0.14625 Kimberly-Clark shares for each Kenvue share held.
- Upon closing, current Kimberly-Clark shareholders will own approximately 54% of the combined company, with Kenvue shareholders owning approximately 46%.
The acquisition was announced jointly by both companies and unanimously approved by both companies' boards.
Author's summary: Kimberly-Clark buys Kenvue for $48.7 billion.
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