Kenvue / Kimberly-Clark — $40bn consumer deal
Shareholders overwhelmingly approved (96-99%). FTC second request is the primary gating item. Divestitures likely in feminine hygiene (NZ/AU already proposed). KMB announced post-closing org structure April 15.
FTC second request focusing on concentrated market share in baby care (Huggies vs Johnson's Baby), feminine hygiene (Kotex vs Stayfree/Carefree), and OTC health. Divestitures in multiple geographies likely required — NZ/AU feminine hygiene divestiture already proposed to regulators. | Kenvue CFO Amit Banati stepping down effective May 12, 2026; Heather Howlett (CAO) appointed interim CFO — material executive transition mid-deal (per SEC 8-K Item 5.02, Apr 15).
Full intelligence on this situation
Subscribe to unlock CTFN analysis, regulatory lifecycle tracking, deal documents, shareholder activism, and proprietary closing estimates.
- Full CTFN editorial analysis + risk factors
- Per-regulator filing lifecycle with step tracking
- Shareholder activism + voting agreements
- Deal documents, advisors, key facts
- Watchlist alerts when situations move