If investor Carl Icahn takes over Clorox's board of directors, he will put the company up for auction, Icahn says in an Aug. 30 SEC filing. If Burr's Bees marketer Clorox does not garner an offer of $78 per share or greater, Icahn would buy the firm, he says. In an Aug. 30 statement, Clorox says Icahn's proposal "substantially undervalues the company and is not credible." On Aug. 19, Icahn announced he submitted 11 nominees - including himself - for Clorox's board of directors in an attempt to gain control over the company. Clorox shareholders will likely vote for the next slate of directors in November, according to reports. "We believe that Mr.
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