Kimberly-Clark to Spin Off $1.6 Billion Health-Care Business

Kimberly-Clark to Spin Off $1.6 Billion Health-Care Business

David Paul Morris/Bloomberg

Kimberly-Clark Corp., the maker of Kleenex tissues and Huggies diapers, plans to pursue a tax-free spinoff of its health-care business, leaving management to focus on its consumer and professional brands.