Private investor makes $12.6 billion bid on Clorox
Carl Icahn''s bid, which works out to be $76.50 a share, was a 12 percent premium of the estimated value at Thursday''s closing price, the story stated.
Icahn, in a letter to Clorox Chief Executive Officer (CEO) Donald Knauss, said that other possible suitors for the purchase could be Procter & Gamble Company, Unilever, Colgate-Palmolive Company and Kimberly-Clark Corporation, the story noted.
Icahn currently owns 9.4 percent of Clorox and is willing to contribute $3.8 billion in cash to the $7.8 billion he will finance, the story added.
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