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November 22, 2005
By: TOM BRANNA
Editor
German consumer goods company Henkel plans to swap its 29% stake in Clorox for a combination of Clorox’s operating businesses and its stake in a joint venture with Henkel and $2.1 billion in cash, executives reported. Last year, Henkel, owner of the Persil brand in Germany and Schwarzkopf hair care and cosmetics, paid $2.9 billion for U.S. soap maker Dial. Henkel executives said the company planned to finance the Dial deal partially by divesting existing holdings in either Clorox or Ecolab. ...
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