Australia approves Kimberly-Clark’s Kenvue deal, demands Carefree/Stayfree divestment
Australia’s competition regulator approved Kimberly-Clark’s proposed $40 billion takeover of Kenvue on condition Kenvue divests its Carefree and Stayfree period care brands in the country.
Australia's competition regulator on Wednesday approved Kimberly-Clark's NASDAQ:KMB proposed $40 billion takeover of Kenvue NYSE:KVUE, but only on condition that the company divests Kenvue's Carefree and Stayfree period care brands in Australia to address competition concerns.