Shareholders from both Kimberly-Clark Corporation and Kenvue Inc. have approved the proposals required for Kimberly-Clark’s acquisition of Kenvue, a deal valued at $48.7 billion. The votes took place at each company’s special meeting of stockholders.
The merger will bring together brands from both companies, some of which are recognized globally and generate over $10 billion in sales, with a combined reach estimated to impact nearly half the world’s population. Projections indicate that the merged entity could see annual net revenues of about $32 billion and adjusted EBITDA of approximately $7 billion in 2025.
Mike Hsu, chairman and chief executive officer of Kimberly-Clark, commented on the outcome: “We are grateful to Kimberly-Clark shareholders who voted resoundingly in support of our combination with Kenvue. This is an exciting milestone and advances our efforts to create a preeminent global health and wellness leader that will raise the standard of care for billions of people around the world and generate significant value for shareholders. Kimberly-Clark and Kenvue leaders are collaborating well on our critical integration planning efforts, which further underscores our excitement and confidence in the opportunity we have in front of us.”
Kirk Perry, chief executive officer of Kenvue, also addressed shareholders: “We thank Kenvue shareholders for their strong support in approving our transaction with Kimberly-Clark. As we continue to progress toward completing the transaction later this year, we remain confident in the growth opportunities ahead for the combined company as a global health and wellness leader. By bringing together our portfolios and teams, we can accelerate innovation, expand access to our trusted brands and deliver increased benefits to our customers and consumers worldwide. We look forward to reaching more consumers with our iconic brands as part of Kimberly-Clark.”
Preliminary results show that about 96% of shares present at Kimberly-Clark’s meeting were voted in favor of issuing new shares related to the transaction. At Kenvue’s meeting, roughly 99% voted to adopt the merger agreement; this represents approximately 77% of all outstanding shares.
Final voting results will be certified by independent inspectors before being filed with the U.S. Securities and Exchange Commission via separate Current Reports on Form 8-K.
The acquisition is expected to close during the second half of 2026 after regulatory approvals are received and other customary conditions are met.
