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Kimberly-Clark Prepares Asset Sales to Address EU Antitrust Concerns Over $40 Billion Kenvue Acquisition
According to Reuters, Kimberly-Clark (KMB) is preparing to divest assets to resolve EU antitrust issues regarding its planned $40 billion acquisition of Kenvue. The company aims to secure European Commission approval by the September 29 deadline, thereby avoiding a more extensive four-month investigation. Similar regulatory concerns in Australia led to conditional approval after Kimberly-Clark agreed to divest Kenvue's Carefree and Stayfree brands.
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