Clorox May Sell Auto Care Brands for $800 Million

by | Sep 20, 2010 | Towing

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.

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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.

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3G Capital Appoints New Burger King CEO

by | Sep 9, 2010 | Towing

Burger King (BKC) will have a new CEO once it is sold to 3G Capital.

3G today announced that it plans to appoint Bernardo Hees, a partner at the investment group, as CEO of the fast-food retailer once the deal is complete.

Hees was previously CEO of America Latina Logistica, a railroad and logistics company.

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“Bernardo is an experienced executive with an impressive track record of…

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3G Capital Appoints New Burger King CEO originally appeared on DailyFinance on Thu, 09 Sep 2010 09:11:00.

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