- Kimberly-Clark (NYSE:KMB) is closing the door on the sale of its European tissue business after bids fell short of expectations, according to Financial Times.
- Sources say the Brexit drama playing out in the U.K. was a factor in the low level of bids coming in from interested parties such as Centerbridge Partners and a consortium led by Goldman Sachs Capital Partners.
- The company is expected to make a formal announcement this weekend.
- Shares of KMB are down 7.8% YTD.
Kimberly-Clark expected to call off European tissue sale
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Symbol | Last Price | % Chg |
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KMB | - | - |
Kimberly-Clark Corporation |