Australia Clears Kimberly Clark Kenvue Deal
Australia antitrust regulators approved Kimberly Clark's acquisition of Kenvue under the condition that the company divests its Carefree and Stayfree brands locally. The measure aims to preserve competition in the domestic period care market.
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Australia cleared KIMBERLY-CLARK CORP's $40 billion acquisition of KENVUE INC on Wednesday morning. The approval requires the divestment of specific hygiene brands to preserve domestic market competition. The deal gives Kimberly-Clark control of global brands including Listerine and Neutrogena.
