Billionaire investor Carl Icahn wants all 11 seats on the board of consumer products maker Clorox Co (CLX.N), which has twice rejected his offers this summer to purchase the company. In a letter to Clorox on Friday, Icahn said he wants to nominate himself and 10 other people for election to Clorox' board at its next annual shareholder meeting. Icahn was twice rebuffed by Clorox in July. His most recent offer was to buy the company for $80 per share, which Clorox on July 26 called "inadequate." Icahn, Clorox' largest shareholder with 9.4 percent of shares, made his first offer public on July 15, and at that time suggested that some of Clorox's rivals should swoop in to buy the company for more than he was offering. So far, no other buyers have stepped up to buy Clorox, which is best known for its namesake bleach.
The Clorox Company (Clorox) is a manufacturer and marketer of consumer and institutional products. Shares of CLX remained unchanged at $64.12. In the past year, the shares have traded as low as $60.56 and as high as $75.44. On average, 1861400 shares of CLX exchange hands on a given day and today's volume is recorded at 11700.
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