October 10, 2009 |
Kimberly-Clark Corp. said Friday that it would add higher-margin medical devices to its healthcare unit by purchasing healthcare company I-Flow Corp. of Lake Forest for about $276 million. Kimberly-Clark, maker of Huggies diapers and Kleenex tissues, will start a tender offer to buy all of I-Flow's outstanding stock at $12.65 per share. The per share price represents an 8% premium to I-Flow's Thursday closing price of $11.76. "I-Flow will increase our medical device sales by more than 50%, add an innovative and successful technology to our growing portfolio of pain management and surgical solution products, and strengthen the depth and breadth of our sales force," Joanne Bauer, president of Kimberly-Clark Health Care, said in a statement.
July 22, 1989 |
A federal judge has ruled against Procter & Gamble Co. in a patent dispute with Kimberly-Clark Corp., defeating the consumer products giant's bid for control of the $3-billion disposable-diaper market. Procter & Gamble had charged that the Dallas-based manufacturer of "super-absorbent" Huggies diapers had copied Procter & Gamble's design of "super-absorbent" Pampers. Procter & Gamble, based in Cincinnati, was seeking removal of Huggies from store shelves and unspecified monetary damages. But U.
December 24, 1992
John R. Kimberly, 89, former chairman and chief executive of Kimberly-Clark Corp. He was the grandson of John A. Kimberly, a founder of Kimberly-Clark, maker of Kleenex tissue, Huggies diapers and other paper products. He was elected president of the company in 1953 and chairman and chief executive officer in 1955. Kimberly remained a director of the company until 1977. During World War II, he served as deputy director of the War Production Board. In Easton, Md., on Sunday of undisclosed
January 6, 1999
* Kimberly-Clark Corp., the world's largest maker of tissue products, agreed to sell its Southeastern U.S. timberlands business for undisclosed terms to focus on its consumer and health-care businesses. Southstar Timber Resources is buying the business, which includes 529,000 acres of land and related operations.
August 18, 1995 |
EU to Look at Kimberly-Clark, Scott Deal: The European Commission said it will review the planned merger between U.S. companies Kimberly-Clark Corp. and Scott Paper Co. An EU executive said in a statement that the deal appeared to fall under the EU's merger regulation, under which it assesses the effects on competition of certain linkups between companies that have a significant presence on the European market. The two companies announced a $6.