Kimberly-Clark is the acquirer, and the deal would create a large combined consumer health and wellness company. Based on recent reporting, Kimberly- Clark agreed to acquire Kenvue in a cash-and-stock transaction valued around $48.7 billion, with Kimberly-Clark shareholders expected to own roughly 54% of the merged entity and Kenvue shareholders about 46% (subject to final closing adjustments and approvals). The expected closing timeline is in the second half of next year, contingent on regulatory and shareholder approvals.