Tylenol Maker Kenvue Will Be Bought By The Company Behind Kleenex - Beritaja

Kimberly-Clark is buying Tylenol shaper Kenvue successful a rate and banal woody worthy about US$48.7 billion, creating a monolithic user wellness equipment company.

Shareholders of Kimberly-Clark, whose brands see Huggies, Kleenex and Cottonelle, will ain about 54 per cent of the mixed company. Kenvue shareholders will ain about 46 per cent.

Kenvue has spent a comparatively little play arsenic an independent company, having been spun disconnected by Johnson & Johnson 2 years ago. J&J first announced successful precocious 2021 that it was splitting its user wellness section from the pharmaceutical and aesculapian instrumentality divisions successful a bid to make each much nimble.

Kenvue was thrust into the nationalist spotlight past period erstwhile Health Secretary Robert F. Kennedy, Jr. reasserted the unproven nexus betwixt the symptom reliever Tylenol and autism, and suggested group who opposed the mentation were motivated by hatred for President Donald Trump.

During a gathering pinch Trump and the Cabinet, Kennedy reiterated the connection, moreover while noting location was nary aesculapian impervious to substantiate the claim.

In July Kenvue, which besides makes brands specified arsenic Listerine and Band-Aid, announced that CEO Thibaut Mongon was leaving arsenic it continued pinch its strategical review. Board personnel Kirk Perry is serving arsenic interim CEO.

The mixed institution is expected to make 2025 yearly nett revenues of about US$32 billion. Kimberly-Clark and Kenvue said that they identified about US$1.9 cardinal successful costs savings that are expected successful the first 3 years aft the transaction’s closing.

“With a shared committedness to processing subject and exertion to supply bonzer care, we will service billions of consumers crossed each shape of life,” Kimberly-Clark Chairman and CEO Mike Hsu said successful a statement.

Hsu will beryllium president and CEO of the mixed company. Three members of the Kenvue’s committee will subordinate Kimberly-Clark’s committee astatine closing. The mixed institution will support Kimberly-Clark’s office successful Irving, Texas and proceed to person a important beingness successful Kenvue’s locations.

The woody is expected to adjacent successful the 2nd half of adjacent year. It still needs support from shareholders of some both companies.

Kenvue shareholders will person US$3.50 per stock successful rate and 0.14625 Kimberly-Clark shares for each Kenvue stock held astatine closing. That amounts to US $21.01 per share, based connected the closing value of Kimberly-Clark shares connected Friday.

Shares of Kimberly-Clark slipped much than 15 per cent earlier the marketplace open, while Kenvue’s banal jumped much than 20 per cent.

---

you are at the end of the news article with the title:

"Tylenol Maker Kenvue Will Be Bought By The Company Behind Kleenex - Beritaja"

---

Please read other interesting content from Beritaja.com at Google News and Whatsapp Channel!