Date:	--/--/-- --:--:--
Event Id:	E5DR33PP5
Action Type:	MERGER
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	KVUE
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	21.01
Price Per Share Currency:	USD
News References:	https://www.prnewswire.com/news-releases/kimberly-clark-to-acquire-kenvue-creating-a-32-billion-global-health-and-wellness-leader-302602379.html

Action Notes

Kimberly-Clark Corporation a global personal care leader, and Kenvue Inc a global consumer health leader, today 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, Under the terms of the agreement, which has been unanimously approved by each company's Board of Directors, Kenvue shareholders will receive $3.50 per share in cash as well as 0.14625 Kimberly-Clark shares for each Kenvue share held at closing, for a total consideration to Kenvue shareholders of $21.01 per share, based on the closing price of Kimberly-Clark shares as of October 31, 2025. Upon closing of the transaction, current Kimberly-Clark shareholders are expected to own approximately 54% and current Kenvue shareholders are expected to own approximately 46% of the combined company on a fully diluted basis.The transaction is expected to close in the second half of 2026, subject to the receipt of Kenvue and Kimberly-Clark shareholder approvals, regulatory approvals and satisfaction of other customary closing conditions. As part of Kimberly-Clark's evaluation of this transaction, the Company carefully considered all risks and opportunities, working with some of the world's foremost scientific, regulatory, legal and other experts.