Kimberly-Clark has completed its acquisition of Summit-based Kenvue after shareholders at both companies approved the required proposals.
Following approvals at each company’s special shareholders meeting, the transaction is expected to close in the second half of 2026, subject to regulatory approvals.
Based on Kimberly-Clark’s preliminary voting results, approximately 96% of the shares present were voted to approve the issuance of shares of Kimberly-Clark common stock in connection with the transaction. Based on Kenvue’s preliminary voting results, approximately 99% of shares voted to adopt the merger agreement, representing approximately 77% of all outstanding shares.
Kenvue CEO Kirk Perry thanked the shareholders and was optimistic about the transition.
“We thank Kenvue shareholders for their strong support in approving our transaction with Kimberly-Clark,” he said. “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.”
Kimberly-Clark Chairman Mike Hsu shared a similar sentiment.
“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,” he said. “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.”
Final vote results from the Kimberly-Clark and Kenvue Special Meetings are subject to certification by the companies’ respective independent inspectors of elections and will be filed with the U.S. Securities and Exchange Commission in separate Current Reports on Form 8-K.
