Deals
Bid & Ask: The Deals of the Week
Noteworthy expenditures of the week
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1. Billionaire investor Carl Icahn raised his offer for Clorox to $80 a share, or about $10.7 billion, on July 20. Clorox previously rejected a $10.2 billion bid by Icahn and adopted a shareholder rights plan to prevent a takeover.
2. In a second effort to outbid natural gas company Williams, Energy Transfer Equity offered to pay about $5.7 billion for Houston-based pipeline operator Southern Union.