Kimberly-Clark Acquires Kenvue. Here’s What Investors Need to Know Ahead of Its Nov. 5 Earnings Report.

Kimberly-Clark completed its $48.7 billion acquisition of Kenvue on Monday, creating a consumer goods and healthcare powerhouse with 10 billion-dollar brands. The deal was funded through senior notes and the sale of a 51% stake in its paper business to Suzano. The company expects $2.1 billion in annual synergies within three years and aims to maintain its 54-year Dividend King status through incremental raises, though share buybacks have been suspended.