Tylenol, Kleenex
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Irving-based Kimberly-Clark snaps up Tylenol maker Kenvue in a cash-and-stock blockbuster, uniting Kleenex, Huggies, and Band-Aid.
The recent publicity could allow the company to get a good deal on Kenvue, which makes Tylenol, Band-Aids, and other household products.
Kimberly-Clark, which manufactures products like Kleenex and other products, is buying Kenvue, the maker of Tylenol, the company announced Monday, according to AP.
Clark, whose brands include Huggies, Kleenex and Cottonelle, will own about 54 per cent of the combined company.
Kenvue stock share price today shows a major surge after Kimberly-Clark announced plans to buy Kenvue for over $40 billion. The cash-and-stock deal will merge brands like Huggies, Kleenex, Tylenol, and Band-Aid under one company,