Clorox and the Pirate

Icahn Fires Back At Clorox Board, Ups Bid To $80


On Monday, the board of Clorox dismissed a takeover offer from the company’s largest shareholder Carl Icahn, and instituted a shareholder rights plan to dissuade him from increasing his 9.4% stake. The billionaire is not going quietly though, upping his bid Wednesday morning and shooting back at the board’s claims that his initial offer was “neither credible nor adequate.”

Comment: Daphne and the Pirate is a 1916 silent film. Today Clorox trading at $ 75. ALL CAPS is the corporate raider equivalent of pulling out the big guns!

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