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Says latest proposal is "not credible."
August 31, 2011
By: TOM BRANNA
Editor
The Clorox Company–Carl Icahn saga continues. The cleaning products company yesterday issued a statement in response to a press release issued by Icahn, the company’s largest shareholder. The billionaire, who is seeking election to the board of Clorox, said he expects the slate of directors he nominated for the board would immediately begin a comprehensive auction process to sell the company if they were elected. According to Clorox, the company’s board “remains open to any c...
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