Carl Icahn offers to buy Clorox in $10.2 billion deal

Reuters

(Reuters) - Billionaire investor Carl Icahn said he and his affiliates offered to buy shares of Clorox Co 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.

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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)

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