Clorox (CLX) Higher as Icahn Discloses $76.50/Share Takeover Bid
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In an amended 13D SEC filing this morning, activist investor Carl Icahn disclosed making a $76.50 per share offer for Clorox (NYSE: CLX).
From the release: "Icahn also disclosed that his affiliates have obtained a highly confident letter from Jefferies & Company, Inc. regarding its ability to provide financing for the proposed transaction subject to the terms and conditions set forth therein. The foregoing descriptions of the July 14 Letter and the Highly Confident Letter are qualified in their entirety by reference to the full text of each of the July 14 Letter and the Highly Confident Letter, copies of which are attached hereto as Exhibits 1 and 2, respectively, and are incorporated herein by reference."
From the release: "Icahn also disclosed that his affiliates have obtained a highly confident letter from Jefferies & Company, Inc. regarding its ability to provide financing for the proposed transaction subject to the terms and conditions set forth therein. The foregoing descriptions of the July 14 Letter and the Highly Confident Letter are qualified in their entirety by reference to the full text of each of the July 14 Letter and the Highly Confident Letter, copies of which are attached hereto as Exhibits 1 and 2, respectively, and are incorporated herein by reference."
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