Kimberly-Clark Corporation has completed its previously announced acquisition of Kenvue Inc. on November 2, 2026. In connection with the merger, Kimberly-Clark's Board has approved the "Kenvue Integration Program," a multi-year plan aimed at achieving operating profit synergies with significant associated costs.
Key Details
- Merger Consideration: Each share of Kenvue common stock was converted into the right to receive 0.14625 shares of Kimberly-Clark common stock and $3.50 in cash.
- Integration Program Costs: The company expects to incur cumulative pre-tax charges of approximately $3.1 billion ($2.5 billion cash, $0.6 billion non-cash) and spend approximately $1.4 billion in related capital through December 31, 2029.
- Board of Directors Changes: Three Kenvue designees—Richard E. Allison, Jr., Larry J. Merlo, and Kirk L. Perry—were appointed to Kimberly-Clark's board. Three existing directors resigned to create vacancies for the appointments.