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.
- 10 billion-dollar brands will be brought together through the deal.
- 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 deal was unanimously approved by both companies' boards and is expected to generate $2.1 billion in annual run-rate synergies.
Author's summary: Kimberly-Clark acquires Kenvue for $48.7 billion.