Kimberly-Clark Corporation , a global personal care player, and Kenvue Inc ., a global consumer health brand, announced an agreement under which Kimberly-Clark will acquire all of the outstanding shares of Kenvue common stock in a cash and stock transaction that values Kenvue at an enterprise value of approximately $48.7 billion, based on the closing price of Kimberly-Clark common stock on October 31, 2025.

The total consideration represents an acquisition multiple of approximately 14.3x Kenvue’s LTM adjusted EBITDA 1 or 8.8x including expected run-rate synergies of $2.1 billion, net of reinvestment.

This transaction brings together two iconic American companies to create a combined portfolio of complementary products, including 10 billion-dollar brands, that touch nearly half the

See Full Page