Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, February 11, 2011

Icahn takes 9 pct stake in Clorox, shares up, (NYSE: CLX)

Billionaire activist investor Carl Icahn reported a 9.08 percent stake in Clorox Co (CLX.N), sending its shares up almost 8 percent. Icahn may seek to have conversations with the company's management to discuss its business, according to a filing with the U.S. Securities and Exchange Commission on Friday. Clorox shares were up $5.20 at $71.45 Friday afternoon on the New York Stock Exchange. Clorox could not be reached for comment. (Reporting by Dhanya Skariachan)

Source