Deals
Icahn Clorox Bid Probe Said to Be Hindered by Publicity
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A U.S. insider trading investigation of Carl Icahn’s attempt to buy Clorox Co. in 2011 has been hamstrung by reports tying it and trades in Dean Foods Co. to golfer Phil Mickelson and sports gambler William Walters, a person familiar with the matter said.
Investigators are reviewing large option trades ahead of Icahn’s $10.2 billion offer for Clorox, as well as trading by Mickelson and Walters in Dean Foods in 2012, the person said. None of the three men has been accused of any wrongdoing.