Big dealsNov 2, 2026
Kimberly-Clark closes Kenvue, paying in cash and stock and taking on new debt
The deal closed on November 2. Kenvue holders got $3.50 in cash and 0.14625 Kimberly-Clark shares each, and the cash side was paid for partly with new borrowing.
Deal at a glance
ClosedPaid in: Cash and stock- Buyer
- Kimberly-Clark
- Target
- Kenvue
- Deal value
- Not disclosed
- Not stated in the filing we read
- Announced
- Not stated
- Closed
- Nov 2026
Figures are as stated by the companies, in US dollars. A deal can change or fall through before it closes.
Kimberly-Clark completed its acquisition of Kenvue on November 2, 2026, according to its quarterly filing with the SEC. Each Kenvue share converted into 0.14625 shares of Kimberly-Clark stock plus $3.50 in cash.
The filing puts the cash consideration at about $6.7 billion and says about 281.1 million Kimberly-Clark shares were delivered to Kenvue shareholders. The cash was funded from cash on hand, new debt and commercial paper. The filing also says $4.3 billion of forward-starting interest-rate swaps were settled after September 30 in connection with an issuance of senior unsecured notes.
Dealmaking costs showed up before the deal closed: Kimberly-Clark recorded $106 million of acquisition-related costs in the third quarter and $263 million over the first nine months of 2026.
The part of the filing we reviewed does not state expected synergies or integration costs, so we are not reporting figures for either.
Sources
We wrote this story ourselves from the sources below. Open them for the full text and exact wording.
This is a reading of public information, not investment, legal or tax advice. If a figure here is wrong, tell us and we will correct it.