Clorox snubbed takeover bid

Sep. 21, 2014 4:17 AM ETThe Clorox Company (CLX)PG, CLX, UN, JAH, UL, CHDBy: SA Eli Hoffmann, SA News Editor12 Comments
  • Just months before its recent C-suite shuffle, Clorox (NYSE:CLX) reportedly rebuffed a takeover offer from a rival.
  • The spurned suitor valued Clorox at a 20% premium to its trading price.
  • Logical suitors include Church & Dwight (NYSE:CHD), Procter & Gamble (NYSE:PG), Jarden (NYSE:JAH) and Unilever (UL, UN)
  • In 2011 activist investor Carl Icahn offered $78/share for the company. Many believe the move was designed to tease out a strategic buyer. Shares closed Friday at $90.57.

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