Kimberly-Clark preps for health care business spinoff

A new SEC filing from Kimberly-Clark (KMB -0.2%) confirms the planned spinoff of its healthcare business.

The new publicly traded company will be called Halyard Health.

A breakdown of revenue at Kimbery-Clark indicates Halyard Health accounted for about $1.7B in revenue last year.

The distribution of shares is expected to be enacted in Q3 or early in Q4.

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Comments (3)
  • esc722dmj
    , contributor
    Comments (11) | Send Message
    Does anybody know yet. (1) Do shareholders get the spinoff shares tax free, with the tradeoff being...a lower cost basis on current holdings? (2) What would the yield be on the spinoff shares? (3) What's the profit figure on that division of Kim-Clark?
    6 May 2014, 04:29 PM Reply Like
  • jazz9650
    , contributor
    Comments (282) | Send Message
    100 per cent will be a tax free spin- off to shareholders. Ratio not yet determined.
    6 May 2014, 06:38 PM Reply Like
  • Alex2322
    , contributor
    Comments (332) | Send Message
    It'd probably be like a 3 for 2
    26 Jun 2014, 12:44 AM Reply Like
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