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Icahn Offers $10B For Clorox
Carl Icahn has proposed to buy household products maker Clorox.
Carl Icahnhas proposed to buy household products makerClorox,Financial Timesreports. The activist investors’Icahn Enterprises, which holds 9.4% in Clorox, has bid to buy the company and its debt for over $10 billion, addsThe Wall Street Journal.
Icahn’s firm will contribute $3.8 billion of cash for the deal, while Icahn will raise $7.8 billion of funding fromJefferies.Procter & Gamble,Unilever,Colgate-Palmolive,Reckitt Benckiser,Kimberly-ClarkandHenkelare among the other bidders for the company.
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