From TokenPost · · 50s
China Clears Kimberly-Clark’s $40 Billion Kenvue Acquisition
China approves Kimberly-Clark’s $40 billion Kenvue deal after regulatory review.
In brief
China approves Kimberly-Clark’s $40 billion Kenvue deal after regulatory review. China’s State Administration for Market Regulation cleared Kimberly-Clark’s $40 billion acquisition of Kenvue on Oct. 10. Originally reported by TokenPost.
China approves Kenvue deal
China’s State Administration for Market Regulation cleared Kimberly-Clark’s proposed $40 billion acquisition of Kenvue on Oct. 10, marking another regulatory step for the pending transaction.
European Commission approval
Three days later, the European Commission granted conditional approval after Kimberly-Clark offered to divest tampon and other feminine hygiene brands.
Bondholder consents
Kimberly-Clark has also obtained the required bondholder consents for proposed amendments to Kenvue’s outstanding notes. The amendments take effect only if the related exchange offers settle; settlement was not expected before Nov. 2.
What matters most
China’s State Administration for Market Regulation cleared Kimberly-Clark’s $40 billion acquisition of Kenvue on Oct. 10.
