Billionaire investor Carl Icahn said Friday he intends to nominate 11 people, including himself, to replace Clorox Co.'s whole board at the company's next shareholder meeting.
The move, revealed in a filing with the Securities and Exchange Commission, further escalates the battle between the household-products company and the activist shareholder, who owns about a 9.4% stake between him and his affiliate entities.
"We believe that Mr. Icahn is nominating candidates solely to advance his own agenda," Clorox said Friday. "Clorox has an outstanding board of directors that has demonstrated its commitment to acting in the best interests of all Clorox stockholders."
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