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Clorox Outlines New Strategy

May sell under-performing brands

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By: TOM BRANNA

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Household cleaning products maker Clorox Co. said Thursday it will look to expand its market share internationally in fiscal 2008, and may sell any businesses with less than double-digit annual profit growth potential. The statements were made during the company’s analyst day in New York. Clorox also raised its quarterly dividend by 29 percent, reauthorized a stock buyback plan for up to $750 million shares, and told Wall Street it no longer will issue quarterly sales and income guidanc...

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