ichan offers 126b to take clorox private
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Ichan offers $12.6B to take Clorox private

Arab Today, arab today

Arab Today, arab today Ichan offers $12.6B to take Clorox private

New York - UPI

U.S. investor Carl Icahn offered to take Clorox private in a $12.6 billion deal, a regulatory filing indicated. In a letter sent Thursday to Clorox Chief Executive Officer Don Knauss, Icahn said the offer represents a 21 percent premium to the company's share price on Dec. 20, 2010, the day before Icahn began his investment in the company, CNNMoney.com reported. Shares of the cleaning products maker jumped 12 percent before the opening bell Friday, trading at one point to $76.50, CNNMoney said. The stock closed at $68.43 a share Thursday. Clorox competes with Procter and Gamble, Colgate Palmolive, Kimberly Clark and Johnson and Johnson in the cleaning products field.

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ichan offers 126b to take clorox private ichan offers 126b to take clorox private

 



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