Texas Deal Frenzy Hits $76B as Consumer, Energy and Health Sectors Roar

The week ended Nov. 8 began with one of the largest deals in years, as Irving consumer products giant Kimberly-Clark acquired Kenvue, which was spun off by Johnson & Johnson in 2023, for about $48.7 billion. The Lawbook has the dozens of lawyers who worked on the deal available here.

Overall, CDT saw 21 deals with a total value of nearly $76 billion for the week ending Nov. 8, including a merger between SM Energy and Civitas Resources that creates the 10th largest oil and gas independent in the nation. The global shuffle of upstream and midstream energy assets continued apace, including a cross-border involving assets in the Permian and Eagle Pass areas, with Ovintiv’s acquisition of Canada’s NuVista Energy and BP’s sale of non-controlling interests in its U.S. midstream assets to Sixth Street.