KMB · 8-K · 20261102PR120990
Kenvue Acquisition
KIMBERLY CLARK CORP · 2026-11-02 · Importance 71 · Surprise 60 · In source text
Kimberly-Clark completed its acquisition of Kenvue on November 2, 2026, combining the companies’ consumer health and personal care portfolios. Kenvue shareholders receive $3.50 in cash and 0.14625 Kimberly-Clark common shares for each Kenvue share held. Kenvue common stock ceased trading on the New York Stock Exchange at market opening on November 2, 2026.
Key facts
- Kimberly-Clark reaffirmed anticipated run-rate synergies of approximately $2.1 billion. source
- Kimberly-Clark anticipates approximately $1.9 billion in cost synergies, captured in the first three years following close. source
- Kimberly-Clark anticipates approximately $500 million in incremental profit from revenue synergies, captured within four years post-close. source
- Kimberly-Clark expects approximately $300 million of reinvestment to partially offset revenue synergies, captured within four years post-close. source
- Under the completed transaction, Kenvue shareholders will receive $3.50 in cash and 0.14625 Kimberly-Clark common shares for each Kenvue share held. source
- Kimberly-Clark says it has substantially built its pipeline of cost and revenue initiatives as part of an integration plan. source
- Three members of the Kenvue Board joined the Kimberly-Clark Board, which now comprises 13 directors. source
- Kimberly-Clark completed its acquisition of Kenvue on November 2, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | committed | +38.6% | Kimberly-Clark anticipates approximately $1.9 billion in cost synergies, captured in the first three years following close. |
| operating_income | positive | committed | +10.2% | Kimberly-Clark anticipates approximately $500 million in incremental profit from revenue synergies, captured within four years post-close. |
| operating_income | negative | committed | -6.1% | Kimberly-Clark expects approximately $300 million of reinvestment to partially offset revenue synergies, captured within four years… |
| cash | negative | committed | — | Under the completed transaction, Kenvue shareholders will receive $3.50 in cash and 0.14625 Kimberly-Clark common shares for each Kenvue… |