Billionaire activist investor Carl Icahn reported a 9.08 percent stake in Clorox Co (CLX.N), calling the stock undervalued given the company's big brands, sending its shares up more than 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. In the filing, Icahn said the shares were undervalued given Clorox's focus on big trends and brands that are No. 1 in their categories.
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