Kimberly-Clark updates merger proxy amid shareholder lawsuits

The latest update is out from Kimberly Clark ( (KMB) ).

Kimberly-Clark and Kenvue, which signed a merger agreement on November 2, 2025, have progressed their planned two-step merger structure, with the SEC declaring effective on December 16, 2025, a registration statement covering Kimberly-Clark shares to be issued in the deal and both companies mailing a joint proxy statement/prospectus ahead of special shareholder meetings scheduled for January 29, 2026. Since early December 2025, multiple lawsuits and shareholder demand letters have been filed in Wisconsin federal court, New Jersey state court, New York state court and the Delaware Court of Chancery by purported stockholders of both Kenvue and Kimberly-Clark, alleging material disclosure omissions in the merger-related proxy and prospectus materials and seeking, among other remedies, to block the shareholder votes or the merger until additional information is provided. In response, Kimberly-Clark has voluntarily supplemented the joint proxy statement/prospectus with extensive additional detail on the background of negotiations, adviser relationships and fees, valuation work, financial projections and comparable company analyses, explicitly to reduce the risk of delay or disruption to the merger and to minimize the costs and distraction of defending the litigation, while its board continues to unanimously recommend that shareholders vote in favor of the share issuance and related adjournment proposals needed to complete the Kenvue transaction.

The most recent analyst rating on (KMB) stock is a Hold with a $102.00 price target. To see the full list of analyst forecasts on Kimberly Clark stock, see the KMB Stock Forecast page.

Spark’s Take on KMB Stock

According to Spark, TipRanks’ AI Analyst, KMB is a Neutral.

Kimberly-Clark’s overall stock score reflects a mixed financial performance with strong cash flow but high leverage. Technical indicators suggest bearish momentum, while the valuation is supported by a solid dividend yield. The positive sentiment from the earnings call and the strategic merger with Kenvue are significant positives, indicating potential for future growth despite current challenges.

To see Spark’s full report on KMB stock, click here.

More about Kimberly Clark

Kimberly-Clark Corporation is a global consumer products company best known for personal care and tissue brands, operating primarily in the hygiene and household products industry and listed on NASDAQ under the ticker KMB. The company focuses on paper-based and related hygiene products, and is pursuing a strategic combination with Kenvue, a major consumer health company, to create a larger player in branded consumer products.

Average Trading Volume: 6,138,414

Technical Sentiment Signal: Sell

Current Market Cap: $32.9B

For a thorough assessment of KMB stock, go to TipRanks’ Stock Analysis page.