KMB has been in the news recently: Kimberly-Clark Corporation is set to acquire Kenvue Inc. for approximately $48.7 billion, which will enhance its portfolio with 10 billion-dollar brands and generate $2.1 billion in synergies. Following the announcement, Kimberly-Clark's stock dropped 16.15%, while Kenvue's stock rose by 20.04% in pre-market trading.
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