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Henkel’s Acquisition of Dial Raises Concerns About Clorox

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By: TOM BRANNA

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Henkel KgaA’s proposed acquisition of Dial Corp. for $2.9 billion raises new questions about the fate of another U.S. consumer-products company,Clorox Co.Henkel’s management said it would finance its purchase of Dial by selling some of its stakes in its other U.S. assets, namely a 30% stake in Clorox, Oakland, CA, or a 28% stake in Ecolab Inc., a cleaning- and pest-control-services firm, or portions of both.The announcement sent Clorox’s shares down on the New York Stock Exchan...

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