Nov. 3 (UPI) -- The Texas-based Kimberly-Clark Corporation announced Monday it reached a deal to purchase Kenvue -- the maker of Band-Aid and Tylenol products -- for $48.7 billion.
The combination cash and stock transaction will see Kimberly-Clark acquire all outstanding shares of Kenvue common stock. A news release from Kimberly-Clark said the sale will put 10 billion-dollar brands together under the same company.
Kimberly-Clark's brands include Kleenex, Cottonelle, Huggies, Poise, Pull-Ups, Scott, Viva and Kotex.
"We are excited to bring together two iconic companies to create a global health and wellness leader," CEO Mike Hsu said.
Related
