Analysis: Icahn unlikely to stir up Clorox bidding interest

09/7/2011 | Bloomberg

Companies suggested by investor Carl Icahn as potential buyers for Clorox are unlikely to make offers higher than Ichan's $78-per-share bid, experts say. The reason is that Icahn's bid values Clorox at a price-to-earnings ratio that is higher than industry leaders such as Procter & Gamble, Colgate-Palmolive and Unilever. "I don't see too many buyers coming out of the woodwork for such an expensive stock," said Jack Ablin, chief investment officer for Harris Private Bank.

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