Latham & Watkins Advises on Kimberly-Clark Corporation’s US$7 Billion Exchange Offers and Consent Solicitations

Kimberly-Clark Corporation (Nasdaq: KMB) (Kimberly-Clark) has announced the commencement, in connection with its previously announced pending acquisition (the Acquisition) of Kenvue Inc. (NYSE: KVUE) (Kenvue), of an exchange offer (each an Exchange Offer and, collectively, the Exchange Offers) for any and all outstanding notes (the Kenvue Notes) issued by Kenvue for up to US$7 billion aggregate principal amount of new notes to be issued by Kimberly-Clark (the Kimberly-Clark Notes) and cash.

Latham & Watkins LLP represents the dealer managers in the transaction with a team led by partners Stelios Saffos, Global Chair of Latham’s Capital Markets and Hybrid Capital practices, and Erika Weinberg, with associates Robyn Sablove, Justin Deuell, Michelle Zheleznyakov, and Gavin Tan. Advice was also provided on tax matters by partner Aaron Bernstein, with associate Jorge Hinzpeter; on litigation matters by partner BJ Trach; on FDA and healthcare matters by partners Nathan Beaton and Betty Pang, with associate Evan Rothkoff; on IP matters by partner Jeffrey Tochner, with associates Ece Gonulal and Jamie Eimbinder; on data privacy and cybersecurity matters by partner Robert Blamires, with associate Kathryn Parsons-Reponte; and on environment, land, and resources matters by partner Gary Gengel, with associate Brian McCall.