FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
DATE OF REPORT: MAY 7, 2002
(Date of earliest event reported)
KIMBERLY-CLARK CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-225 39-0394230
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
P.O. BOX 619100, DALLAS, TEXAS 75261-9100
(Address of principal executive offices) (Zip Code)
(972) 281-1200
(Registrant's telephone number, including area code)
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Item 9. Regulation FD Disclosure
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Update on Kimberly-Clark's Acquisition of Kimberly-Clark Australia Pty. Ltd.
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On May 7, 2002, Kimberly-Clark Corporation (the "Company") announced that
it will purchase the remaining 45 percent stake in its Australian subsidiary,
Kimberly-Clark Australia Pty. Ltd. ("KCA"), from Amcor Limited at the end of
June. The Company had previously increased its ownership in KCA from 50
percent to 55 percent in mid-2001, and under the terms of the purchase and
sale agreement with Amcor, its joint venture partner since 1963, the price to
complete the acquisition was established at A$697.5 million.
The closing date for the above transaction has now been set for June 28,
2002 in Australia. Shortly following the May 7 announcement, the Company
terminated Australian dollar forward contracts that hedged the currency
exposure for the purchase of the remaining 45 percent interest in KCA. Over
the duration of the contracts, the Company recorded net pretax gains of
approximately $10 million, including a pretax gain of about $4 million in the
second quarter of 2002.
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KIMBERLY-CLARK CORPORATION
Date: May 31, 2002 By: /s/Randy J. Vest
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Randy J. Vest
Vice President and
Controller