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Colgate-palmolive Co (CL) Financial News - Icahn Can’t Claim Clorox Without Adding $600M

Colgate-palmolive Co (CL)

Icahn Can’t Claim Clorox Without Adding $600M

Quote: (PG)Unilever NV (UNA)Colgate-Palmolive Co. (CL)Reckitt Benckiser Group Plc (RB/)Kimberly-Clark Corp. (KMB) or Henkel AG. everything from Formula 409 kitchen cleaner to Hidden Valley Ranch salad dressing, its namesake bleach and Burt’s Bees lip balm. Clorox gets about 80 percent of revenue in the U.S., while competitors are trying to boost sales in faster-growing emerging markets, said Rob Plaza, an analyst at the private-banking unit of KeyCorp in Cleveland, which oversees $22 billion. ‘He’s a Master’ Matt McCormick, a money manager at Cincinnati-based Bahl & Gaynor Inc., said in a phone interview. His firm oversees $4 billion. Carol Massar and Matt Miller.” “He’s a master at this,” McCormick said. Still, “you have a real chance that Icahn will be forced to put up more or go away,” he said. New Yorktlachapelle@bloomberg.netrnazareth@bloomberg.netkhaunss@bloomberg.net. ksnyder@bloomberg.netfkhan33@bloomberg.net. ...
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