IHS Chemical Week

Markets :: Basic Chemicals :: Inorganic Chemicals :: Chlor-alkali

Clorox Rejects Icahn's Second Takeover Bid

8:43 AM MDT | July 27, 2011 | Lindsey Bewley

Clorox says the company's board of directors has unanimously rejected an unsolicited $10.7-billion ($80.00/share) bid from Icahn Enterprises to purchase the company, saying the bid “substantially undervalues the company and is not credible.” Icahn Enterprises, an investment fund controlled by investor Carl Icahn, currently owns 9.4% of Clorox and seeks to buy all of the company shares it does not already own. The company has made two unsolicited attempts to purchase Clorox in recent weeks, first for $10.2 billion ($76.50/share) and then $10.7 billion...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa