Overview of the deal Kimberly-Clark, the maker of Huggies diapers, announced it will acquire Kenvue, the parent company of Tylenol, in a roughly $48.7 billion deal. The transaction combines two heavyweight players in the global consumer products arena, uniting Tylenol’s iconic over‑the‑counter medicines with Kimberly-Clark’s leading personal care and baby care brands. The merger signalizes…