Clorox's (CLX) board rebuffs Carl Icahn's $76.50/share proposal, calling it "neither credible...

|About: The Clorox Company (CLX)|By:, SA News Editor

Clorox's (CLX) board rebuffs Carl Icahn's $76.50/share proposal, calling it "neither credible nor adequate," and sets up a shareholder rights plan that effectively blocks anyone from taking over the company without permission. However, the board says it “remains open to considering any credible plan to create significant stockholder value.” CLX -0.4% AH.