Kimberly-Clark Corporation has announced its acquisition of Kenvue Inc. in a deal valued at $48.7 billion, combining cash and stock. Kenvue shareholders will receive $3.50 in cash and 0.14625 shares of Kimberly-Clark for each Kenvue share, marking a 46.2% premium over Kenvue's closing price on October 31. This strategic merger aims to integrate Kenvue's consumer health brands with Kimberly-Clark's personal care products, forming a company with projected annual revenues of $32 billion. The transaction is anticipated to finalize in the second half of 2026, subject to regulatory and shareholder approvals. This move is expected to enhance Kimberly-Clark's market position by expanding its product portfolio and leveraging Kenvue's established brand presence in the consumer health sector.