This content is from: Innovation
Icahn Offers $10B For Clorox
Carl Icahn has proposed to buy household products maker Clorox.
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.
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