Carl Icahn has proposed to buy household products maker Clorox, Financial Times reports. The activist investors’ Icahn Enterprises, which holds 9.4% in Clorox, has bid to buy the company and its debt for over $10 billion, adds The 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 from Jefferies. Procter & Gamble, Unilever, Colgate-Palmolive, Reckitt Benckiser, Kimberly-Clark and Henkel are among the other bidders for the company.

Click here for the story from Financial Times.

Click here for additional coverage from The Wall Street Journal.