Zhi Tong Cai Jing·2025-11-03 12:59Group 1 - Kimberly-Clark (KMB.US) announced a transaction to acquire all outstanding shares of Kenvue (KVUE) for cash and stock, with shareholders receiving $3.50 in cash and 0.14625 shares of Kimberly-Clark stock, valuing the deal at $21.01 per share [1] - The transaction is expected to close in the second half of 2026, pending shareholder and regulatory approvals, with Kenvue's enterprise value estimated at approximately $48.7 billion based on Kimberly-Clark's stock price as of October 31, 2025 [1] - Mike Hsu will serve as the chairman and CEO of the combined company, which will retain Kimberly-Clark's headquarters in Irving, Texas, while maintaining significant business operations in Kenvue's regions [1] Group 2 - The two companies anticipate achieving approximately $1.9 billion in cost synergies and an additional $500 million in revenue synergies, offset by $300 million in reinvestment [2] - Cost savings are expected to be realized within three years post-transaction, while revenue growth is projected to occur over four years [2] - To achieve these synergies, the companies will need to invest approximately $2.5 billion in cash costs during the first two years following the transaction [2]