Australia clears Kimberly-Clark's acquisition of Kenvue but requires Carefree, Stayfree divestment
Australia's competition regulator has approved Kimberly-Clark's proposed $40 billion acquisition of Kenvue, on the condition that Kenvue's Carefree and Stayfree period care brands in the country be divested to address competition concerns.
Why it matters — The approval marks a key regulatory milestone for the Kimberly-Clark acquisition of Kenvue, though it requires divesting certain period care brands in Australia.