Carl Icahn offers to buy Clorox in $10.2 billion deal
(Reuters) - Billionaire investor Carl Icahn said he and his affiliates offered to buy shares of Clorox Co <CLX.N> that are not owned by him for $76.50 per share in cash, valuing the company at $10.2 billion.
In a filing with U.S. regulators, Icahn said he had sent a letter to that effect to Clorox's Chief Executive Donald Knauss.
Icahn, who declared a share stake of 9.8 percent in the company as of March 18, said that his affiliates obtained a "highly confident letter" from Jefferies & Co regarding its ability to provide financing for the proposed transaction.
(Reporting by Vidya L Nathan in Bangalore; Editing by Gopakumar Warrier)