Kimberly-Clark, Kenvue shareholders widely approve acquisition plan
Staff report Kimberly-Clark Corp. and Kenvue Inc. announced that the shareholders of both boards voted Thursday to approve Kimberly-Clark’s acquisition of the consumer health company. Based on preliminary voting results, approximately 96% of the shares present at Kimberly-Clark’s special meeting were voted to approve the issuance of shares of Kimberly-Clark common stock in connection with the transaction. Approximately 99% of shares voted at Kenvue’s special meeting voted to adopt the merger agreement, representing approximately 77% of all outstanding shares. “This is an ...