ReutersReuters

Kimberly-Clark gains on business reorganization

** Consumer goods maker Kimberly-Clark's shares KMB rise 2% to $128.66 in premarket trading

** Co to reorganize business into three units to simplify operations and cut costs

** KMB's reorganized segments to include business in North America, international personal care segment and international family care and professional businesses

** Co to incur $1.5 bln in one-time restructuring cost over next three years

** Expects to complete transition by end of 2024

** Up to last close, stock had risen 3.7% YTD

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