Core Viewpoint - Kenvue has reached an agreement with Kimberly-Clark for a cash and stock transaction to acquire all outstanding common shares of Kenvue, valued at up to $48.7 billion, marking one of the largest deals in the consumer goods sector in recent years [2][3] Group 1: Transaction Details - The merger is expected to create a new platform with complementary product portfolios, including 10 brands with annual sales exceeding $1 billion [3] - Post-merger, Kimberly-Clark and Kenvue shareholders are projected to hold approximately 54% and 46% of the combined company, respectively, with the transaction anticipated to close in the second half of 2026, pending shareholder approval [3][4] Group 2: Financial Projections - The combined company is projected to achieve annual net revenue of approximately $32 billion (around 228 billion RMB) by 2025, with adjusted EBITDA expected to be around $7 billion (approximately 49.9 billion RMB) [4] - The merger is expected to realize cost synergies of about $1.9 billion (approximately 13.5 billion RMB) within three years post-transaction [4] Group 3: Market Impact - Following the announcement, Kenvue's stock price increased by 14%, while Kimberly-Clark's stock price fell by 13.9% [3]