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Kimberly-Clark Corp Pursuing Spin-Off Of Health Care Business


Thursday, 14 Nov 2013 04:15pm EST 

Kimberly-Clark Corporation announced that its Board of Directors has authorized management to pursue a potential tax-free spin-off of the Company's health care business. A spin-off would create a stand-alone, publicly traded health care company with approximately $1.6 billion in annual net sales and market positions in both surgical and infection prevention products and medical devices. Company management will continue to analyze a potential spin-off and expects to make a final recommendation to the board of directors in the next several months. If the board approves a spin-off, a transaction would likely be completed by the end of the third quarter of 2014, subject to market, regulatory and other conditions. 

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