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The week ended Nov. 8 began with one of the largest deals in years, as Irving consumer products giant Kimberly-Clark acquired the manufacturer of Tylenol. Overall, CDT saw 21 deals with a total value of nearly $76 billion for the week ending Nov. 8. That and more in this edition of CDT Roundup.
Kimberly-Clark Corp. said Monday that it has agreed to acquire Kenvue Inc. in a cash and stock deal that values the maker of Tylenol, which was spun off by Johnson & Johnson in 2023, at about $48.7 billion.
Kirkland & Ellis is Kimberly-Clark’s outside legal counsel and Grant McGee is the company’s general counsel. In-house lawyers for Kimberly-Clark who assisted McGee on the deal included vice president and deputy general counsel Courtney Roane on M&A activities and vice president and deputy general counsel Suzana Blades on litigation matters, as well as vice president, deputy general counsel and chief compliance officer Adam Crawford on regulatory matters.
For the week ended Nov. 1, the CDT saw 20 deals come across the wires with a total value of $25.9 billion.
If you care to be really picky, that's a drop from the 19-deal $61.5 billion stretch the week prior, and less again than the 12-deal $52 billion week at this time last year.
But that's being really, really picky. In the eight weeks since mid-September, we've seen six with values over $20 billion, and two of those over $40 billion.
That and more in this edition of CDT Roundup.
Another week means another bank consolidation in Texas. Huntington Bancshares said Monday that it is acquiring Cadence Bank in a stock swap valued at about $7.4 billion. Cadence — with dual headquarters in Houston and Tupelo, Miss. — has more than 390 locations across Texas and the South.
Wachtell and Sullivan & Cromwell advised on the deal. Cadence's Houston-based chief legal officer is Shanna Kuzdzal, who replaced the bank's longtime in-house leader Chuck Pignuolo in 2023 when he retired.
Some weeks are heavy on volume. Some weeks are heavy on value. This week was a whopper in both counts: 19 transactions valued at more than $61 billion, including 18 in the M&A/Fundings column. That and more in this edition of CDT Roundup.
Texas lawyers from Jones Day and Gibson Dunn advised the parties in CenterPoint's sale of a local distribution network that consumes 60 billion cf of natural gas each year.
In a $40 billion deal a Blackrock-led consortium of major AI players acquired Plano-based Aligned Data Centers in one of the largest data infrastructure to date. It was one of 14 deals valued at $46.6 billion dollars reported to the Roundup last week. Even so, it was only the seventh-largest Texas-related deal of 2025. That and more in this edition of CDT Roundup.
Commercial Metals Co. said Thursday that it agreed to acquire Foley Products Co. for $1.84 billion in cash. Based outside Atlanta, Foley provides precast concrete and pipe products primarily in the Southeast, operating 18 facilities in nine states. The company’s products are used in drainage, water management, dry utility, and road construction across residential, non-residential and infrastructure sectors.
The Artificial Intelligence Infrastructure Partnership — the consortium founded about a year ago by BlackRock, Abu Dhabi-based MGX, Microsoft and NVIDIA to expand capacity of AI infrastructure — announced on Oct. 15 the acquisition of Aligned Data Centers from funds managed by Australia’s Macquarie Asset Management.
The companies said the deal, which values Plano-based Aligned Data Centers at $40 billion, will fuel the expansion of next-generation cloud and AI infrastructure.
Sterlington, Latham & Watkins and Kirkland & Ellis advised on the deal.
The week that ended Oct. 11 saw 14 deals reported with a total value of $17.4 billion, nearly two-thirds of which was attributable to Fifth Third Bancorp acquiring Comerica in a stock swap valued at $10.9 billion. It was a bit of a drop-off from the 21 deals valued at $20.8 billion for the week prior and less in volume but better in value than the 22 deals valued at $8.4 billion this time last year.
That and more in this week's CDT Roundup.
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