Carl Icahn Bids $10.2 Billion to Buy Clorox

Billionaire investor Carl Icahn has bid $10.2 billion ($76.50/share) to acquire Clorox. Icahn currently owns 9.4% of Clorox, and seeks to buy all of the company shares he does not already own, according to a filing with the Securities and Exchange Commission (SEC).   According to the filing, the offer is backed by a “highly confident” letter from the investment bank Jefferies & Co. that it would be able to arrange $7.8 billion in financing for the deal, which would come in addition to equity contributed by Icahn’s affiliates. Clorox...

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