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Icahn makes over $10 billion bid for company.
July 15, 2011
By: TOM BRANNA
Editor
Investor Carl Icahn offered to buy Clorox for over $10.2 billion in a move designed to draw out other potential buyers, according to reports. As the company’s largest investor with a 9.4% stake, he opted to pay $76.50 a share. Including debt, the transaction values Clorox at about $12.6 billion, said reports. Clorox rose $6.20, or 9%, to $74.63 today at theNew York Stock Exchange composite trading. The shares earlier climbed as much as 10%, the biggest intraday increase since May 1, 2008. ...
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