Carl Icahn on Third Bid to Take Over Clorox

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Sep 02, 2011
Billionaire investor Carl Icahn talks about his his third takeover offer in two months for Clorox Co. (CLX, Financial). Icahn has been campaigning to oust Clorox's directors and put the company up for sale. If he succeeds in replacing Clorox’s board and the company still doesn’t find a buyer, Icahn said he will pay $78 a share, or $10.3 billion in cash and notes to “back stop” the sale process, according to a statement today. Icahn speaks with Lisa Murphy and Matt Miller on Bloomberg Television's "Street Smart." (Source: Bloomberg)