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.
- Combined entity projects $7 billion in annual EBITDA.
- Targets $2.1 billion in synergies from complementary brand portfolios.
- Projected annual net revenues of approximately $32 billion.
The deal brings together 10 billion-dollar brands and is expected to generate $2.1 billion in annual run-rate synergies.
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%.
Author summary: Kimberly-Clark acquires Kenvue for $48.7 billion.