Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7B consumer brands deal

Kimberly-Clark, the maker of Kleenex and Huggies, is set to acquire Kenvue, the company behind Tylenol, in a massive $48.7 billion deal. This move brings together some of America's biggest household names, but also raises concerns about the risks of big mergers. Kenvue and Tylenol have faced challenges this year, including political concerns about unproven links to autism and struggles with innovation. The deal, led by Kimberly-Clark's CEO Mike Hsu, is expected to close in the second half of next year, pending shareholder approval. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.