Deals·October 13, 2026 at 10:43 AM EDT·1 source
Kimberly-Clark, Kenvue Win Conditional EU Approval for $40 Billion Tie-Up
KMB -1.9%KVUE
KMB · last 30 trading days+11.5% since the news
News
merger, log scale$40B
$100M$1B$10B$100B
EV / EBITDA12.5x
0x30x
What happened
- The European Commission granted conditional approval for Kimberly-Clark’s $40 billion tie-up with Kenvue.
- The Commission said the sale fully addresses concerns that the deal could hinder tampon-market competition in Czechia, Estonia and Slovakia.
Transaction value
$40 billion
Why it matters
The decision removes an EU competition hurdle for a major consumer and healthcare-sector transaction. M&A professionals should monitor whether the parties proceed toward closing under the conditions.
Deal terms
merger
Kimberly-Clark → Kenvue
Value
$40B
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Who is involved
merging withKimberly-Clark, Kenvue Win Conditional EU Approval for $40 Bi…KenvueKVUE · targetKimberly-ClarkKMB · buyerEuropean Commission
CompanyAgencyThe deal
Sources (1)
- The Wall Street JournalOct 13Kimberly-Clark, Kenvue Win Conditional EU Approval for $40 Billion Tie-Up
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