Kimberly-Clark announced Monday it will acquire Kenvue in a $48.7 billion cash-and-stock deal, creating one of the world’s largest consumer goods companies.
00:00Kimberly Clark announced Monday it will acquire Kenview in a $48.7 billion cash and stock deal creating one of the world's largest consumer goods companies. The merger will unite household staples like Huggies, Kleenex, Band-Aid and Tylenol under one roof. Shares of Kenview jumped 18% in pre-market trading while Kimberly Clark's stock dropped 14% following the announcement.
00:24The transaction, expected to close in the second half of next year, is projected to generate $32 billion in annual revenue and $1.9 billion in cost savings within three years.
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