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December 31, 2003
By: TOM BRANNA
Editor
Clorox earnings would receive a sharp boost, if the company decides to buy back the 66 million shares currently owned by Henkel, according to a new Credit Suisse First Boston (CSFB) research article mentioned in a Forbes report. The Henkel block is equivalent to nearly 30% of Clorox’s stock, according to CSFB.CSFB noted that when Henkel acquired Dial earlier this month, the German company said it was considering selling its stake in Clorox. Several days after the Dial deal, Henkel sold abo...
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