Company News

Icahn Still Enamored with Clorox

But analysts suggest the stock is overpriced.

Author Image

By: TOM BRANNA

Editor

Carl Icahn is betting that companies from Procter & Gamble Co., Colgate-Palmolive Co. (CL) and Unilever will pay a higher valuation for Clorox Co. than their own stocks are worth. Billionaire investor Icahn, who’s campaigning for Clorox to put itself up for sale, said this week he would back up the process by offering to pay $78 a share if the Oakland, California-based company doesn’t find an acquirer. Icahn’s price tag values Clorox at 19.3 times profit, more than the earnings multiple...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters