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Clorox Rejects Icahn Bid

Adopts poison pill to thwart future takeover attempts.

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By: TOM BRANNA

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Clorox Co has rejected as too low an offer from billionaire investor Carl Icahn that values it at more than $10 billion. The company also adopted a poison pill to make an unwanted takeover more expensive. “We’re certainly not opposed to a sale, just a steal,” said Clorox Chairman and Chief Executive Don Knauss, who told Reuters in a telephone interview that he had a “mutually respectful conversation” with Icahn earlier on Monday. Knauss declined to say what ...

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