Icahn Offers $10B For Clorox, But Says Co. Can Get More

Law360, New York (July 15, 2011, 1:44 PM ET) -- Activist investor Carl C. Icahn has offered to buy Clorox Corp. for $10.2 billion, but says the company should go out and try to find a better deal, according to a Friday filing with the U.S. Securities and Exchange Commission.

Icahn's company, New York-based Icahn Enterprises LP, is already Clorox's largest shareholder with 9.4 percent of the company's stock. In a Thursday letter to Clorox Chairman and CEO Donald R. Knauss, Icahn said that Icahn Enterprises, in the role of a buyer for Clorox, would be...
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