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Clorox Rejects Icahn’s $13B Offer
Clorox has rejected Carl Icahn’s proposed $12.6 billion offer for its acquisition, Financial Times reports.
Cloroxhas rejectedCarl Icahn’sproposed $12.6 billion offer for its acquisition,Financial Timesreports. Icahn had offered to buy the U.S. household product maker for $76.50 per unit.
The deal also required Clorox to demand higher price from a corporate buyer.P&G,Colgate,ReckittBenckiser,Kimberly-ClarkandHenkelwere among other bidders for the company.
Click here for the story fromFinancial Times.
Click here for additional coverage fromReuters.