Kimberly-Clark Readies Concessions for EU Approval

Kimberly-Clark is preparing to make concessions to ensure the European Union approves its $40 billion acquisition of Kimberly-Clark, following the completion of the initial review. This move comes amid concerns from the European Commission regarding competition, with expectations that formal objections will be issued this week, potentially leading to an in-depth investigation lasting four months. The news has positively impacted the companies' shares, with expectations that an agreement may be reached after concessions are offered, especially after Australia and South Africa approved the deal, provided that certain brands are restricted.

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