Kimberly-Clark to buy maker of Tylenol
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18hon MSN
Tylenol’s parent company will combine with the maker of Huggies in a $48.7 billion mega-deal
Huggies maker Kimberly-Clark announced Monday it will buy Tylenol’s parent company Kenvue in a nearly $50 billion deal, creating a massive consumer products conglomerate.
Manufacturing giant Kimberly-Clark is set to acquire Kenvue, the maker of Tylenol, for $48.7 billion. CBS News MoneyWatch correspondent Kelly O'Grady has more details.
The deal combines the maker of Huggies diapers with the owner of the painkiller brand.