Press release from Business Wire
Faruqi & Faruqi, LLP Is Investigating Clorox Co.
Friday, July 15, 2011
Faruqi & Faruqi, LLP Is Investigating Clorox Co.20:00 EDT Friday, July 15, 2011 NEW YORK (Business Wire) -- 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. Request more information now by clicking here: www.faruqilaw.com/CLX. 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. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. If you own common stock in Clorox and wish to obtain additional information, please visit us at www.faruqilaw.com/CLX or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case. Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Attn: Juan E. Monteverde, Esq.email@example.comToll Free: 877-247-4292Phone: 212-983-9330