Kimberly-Clark To Buy Summit-Based Kenvue In Massive $48.7B Merger: What To Know
Kimberly-Clark Corporation will acquire Kenvue Inc. in a nearly $50 billion merger, creating one of the world's largest consumer health companies.
Kenvue and Kimberly-Clark announced the $48.7 billion cash-and-stock deal on Monday, Nov. 3. The merger will form a combined business with about $32 billion in annual revenue and 10 billion-dollar brands, including Aveeno, Huggies, Kleenex, Listerine, Neutrogena, and Tylenol.
The combined company will be headquartered in Irving, Texas, with a continued presence in Kenvue's current headquarters in Summit, New Jersey.
"We are excited to …
Breaking Legs On Popular Dining Chairs Force Huge Recall
This recall may sound familiar to fans of HBO's new conspiracy-based comedy "The Chair Company."
Crate & Barrel is recalling about 54,930 of its Ana Dining Chairs sold in the US, the Consumer Product Safety Commission said on Thursday, Oct. 30. About 3,160 chairs were purchased in Canada.
The recall was issued after Crate & Barrel received reports that defective chair legs can break, creating a risk of falls. The issue affects several models sold in various colors, including charcoal, gray, ivory, navy, and velvet finishes.
The chairs were available in stores an…
