Icahn Abandons Clorox Fights Monday, September 26, 12:14 PM ET
Investor Carl Icahn appears to be giving up on his attempts to takeover Clorox (NYSE:
Late Friday, Icahn said in a regulatory filing his group was withdrawing its attempt to put a total of 11 people on Clorox's board, including Icahn himself.
Clorox has rejected takeover several bids from Icahn, the latest totaling $80 per share, saying the offers were not credible, and undervalued the company.
Icahn has also suggested that Clorox would be a good takeover target for strategic buyers like Procter & Gamble (NYSE:
PG) or Kimberly Clark (NYSE: KMB).
Icahn abandoned similar activist investment moves at Lions Gate Entertainment (NYSE:
LGF) and Forest Laboratories ( FRX) over the summer.
For MarketNewsVideo.com, I'm Tracey Fitzpatrick.
Wednesday Sector Leaders: Biotechnology, Paper & Forest Products
Related symbols: PBYI, ONTY, KS, VRS
Wednesday Sector Laggards: Semiconductors, Computer Peripherals
Related symbols: XLNX, LSCC, JNPR, EXTR
Tuesday Sector Leaders: Trucking, Computer Peripherals
Related symbols: HTLD, MRTN, EXTR, FEYE
Wednesday's ETF with Unusual Volume: PPH
Related symbols: PPH, PFE, GSK, ACT
Wednesday's ETF Movers: XBI, SOXX
Related symbols: PBYI, ARRY, XLNX, FSL, SOXX, XBI
IJH, ITF: Big ETF Outflows
Related symbols: IJH, ITF, URI, EQIX
Daily Dividend Report: AAPL, WFC, AXP, PX, NBL, COG, SPG, SWK
Related symbols: AAPL, WFC, AXP, PX, NBL, COG, SPG, SWK
Daily Dividend Report: BAX, SO, ETN, SYK, AEP, ALL, CCE, FMC
Related symbols: BAX, SO, ETN, SYK, AEP, ALL, CCE, FMC
Daily Dividend Report: JNJ, HAL, AGN, APD, ADT, SPN, ZION, BRO
Related symbols: JNJ, HAL, AGN, APD, ADT, SPN, ZION, BRO
Weekly Market Wrap: July 18, 2014
Related symbols: AMD, BAC, ZNGA, GE, SLB, GLW, CAG, GS
Weekly Market Wrap: July 11, 2014
Related symbols: AAPL, BAC, FB, GE, MTG, OXY, TMO, CVS, COP, PSX, CSX
Weekly Market Wrap: July 3, 2014
Related symbols: BAC, WY, RAD, FB, PNC, AYI
Week Ahead Market Report: July 21, 2014
Related symbols: GE, PLUG, FB, BAC, CMCSA, CA, ETFC, DAL, AMZN, BIDU, AON
Week Ahead Market Report: July 14, 2014
Related symbols: AMD, BAC, AAPL, C, GS, BAC, AMD, GE
Week Ahead Market Report: July 7, 2014
Related symbols: AAPL, CBS, SIRI, AA, WDFC, FDO, FAST
All videos » |
Stock market definitions »
Icahn Abandons Clorox Fights
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.