Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Clorox Co. (“Clorox” or the “Company”) (NYSE: CLX) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to a billionaire investor, Carl Icahn, in an all cash deal valued at approximately $12.6 billion. Under the terms of the proposed transaction, Clorox shareholders will receive $76.50 in cash per each share they own.
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Whether Clorox’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Clorox’s shares and by how much this proposed transaction undervalues the Company to the detriment of Clorox’s shareholders are the key focus of this investigation.
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If you own common stock in Clorox and wish to obtain additional information, please visit us at
or contact Juan E. Monteverde, Esq. either via e-mail at
or by telephone at (877) 247-4292 or (212) 983-9330.
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