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Kimberly-Clark pursues spin-off of health care business

Started by riky, November 15, 2013, 09:00:19 AM

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riky

Kimberly-Clark pursues spin-off of health care business

<p><a href="http://news.yahoo.com/kimberly-clark-pursues-spin-off-health-care-business-214535337--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/sSw1auWkhshEyLtOyKvYOg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-11-14T225152Z_2_CBRE9AD1OG700_RTROPTP_2_KIMBERLY-CLARK.JPG" width="130" height="86" alt="A package of Kleenex brand tissue is shown in Boca Raton" align="left" title="A package of Kleenex brand tissue is shown in Boca Raton" border="0" /></a>(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. 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's health care business sells surgical and infection prevention products for the operating room, as well as medical devices.</p><br clear="all"/>

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