Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7 billion consumer brands deal

Kimberly-Clark is acquiring Tylenol maker Kenvue in a $48.7 billion cash and stock deal, creating a major consumer health company.

Kimberly-Clark shareholders will hold about 54% of the combined company, while Kenvue shareholders will own roughly 46%.

The merger will bring together well-known brands like Kenvue’s Listerine and Band-Aid with Kimberly-Clark’s Huggies, Kleenex, and Cottonelle, generating around $32 billion in annual revenue.

Kenvue, spun off from Johnson & Johnson just two years ago, has faced pressure from activist investors, the AP has reported.

Following the announcement, Kimberly-Clark shares fell 13%, while Kenvue’s stock rose over 15%.

read more: https://apnews.com/article/kimberly-clark-kenvue-tylenol-98d5fd39c12b25524e3188da2e840436

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