Wall Street’s endless parade of buyouts and mergers, divisions and revisions has created a tangled landscape in which companies that are famous for one thing often own brands that are completely different — or even diametrical…
The all-important January employment reports come out this week. Also worth watching for are a host of earnings releases, led by economic bellwhether UPS. The package deliverer is expected to post strong results.
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Cleaning-products maker Clorox Co. (CLX) is in talks to sell its auto-care brands STP and Armor All to private equity firm Avista Capital Partners for as much as $800 million.
The sale may be announced in the coming days, Bloomberg News reported without naming its sources. JPMorgan Chase (JPM) has been advising Clorox on the deal.
In May, Clorox CEO Don Knauss said the company would…
Continue reading Clorox May Sell Auto Care Brands for $800 Million
Clorox May Sell Auto Care Brands for $800 Million originally appeared on DailyFinance on Mon, 20 Sep 2010 08:12:00.
Filed Under: Company News, JP Morgan Chase, Autos, Retail