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Kleenex maker Kimberly-Clark to spin off its health care business

Kimberly-Clark Corp., which makes Kleenex tissues and Huggies diapers, said on Thursday that it plans to spin off its health care business into a separate publicly traded company. Kimberly-Clark's stock jumped 5 per cent in after-hours trading following the announcement Thursday.

Kimberly-Clark pursues spin-off of health care business

(Reuters) - Kimberly-Clark Corp, the maker of Kleenex tissues, said its board authorized a potential spin-off of its health care business, sending its shares up 6 percent in extended trading. The company said the move would enable it to focus on its consumer and K-C professional brands. Kimberly-Clark said Robert Abernathy, currently group president - Europe, global nonwovens and continuous improvement and sustainability, will become chief executive of the new health care company if its spun off.

Kimberly-Clark moves to ease Venezuelan toilet paper shortage

CARACAS (Reuters) - Kimberly-Clark Corp is planning a 234 million bolivar ($37.1 mln) investment to expand operations in Venezuela, the state news agency said, in a move that should help ease an embarrassing national shortage of toilet paper. Scarcity of some food items, medicines and basic bathroom products has marred the start of President Nicolas Maduro's government, which began in April.
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