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Stock impact report

Kimberly-Clark's $4 billion international tissue unit set for three-way M&A fight, sources say [Yahoo! Finance]

Kimberly-Clark Corporation (KMB) 
Last kimberly-clark corporation earnings: 4/22 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.kimberly-clark.com
Company Research Source: Yahoo! Finance
Co (APP), as well as Brazil's Suzano SA are the final bidders for Kimberly-Clark's international tissue business valued at around $4 billion, four people said. The three short-listed companies are doing due diligence on the business and are expected to submit binding bids by mid-May, said the people who had knowledge of the matter but did not wish to be identified as the information was not public. Kleenex tissues maker Kimberly-Clark has hired Goldman Sachs and Centerview Partners to run the sale of the business, said two of the people. The unit, which was put on the block by Kimberly-Clark as part of a restructuring initiated last year, generates around $500 million in annual earnings before interest, taxes, depreciation, and amortisation (EBITDA), they said. Irving, Texas-headquartered Kimberly-Clark did not respond to a request for comment. Singapore-headquartered resources and energy group Royal Golden Eagle, and Brazilian pulp maker Suzano declined to comment. Indonesi Show less Read more
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