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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (8901)	10/19/1998 9:00:00 AM
From: Joseph G.	Respond to of 86076

only 80% premium - dirt cheap -g- <<Under terms of the agreement, which has been approved by both boards, First Brands shareholders will receive Clorox shares equal to a value of $39 for each First Brands share outstanding. (Details of the agreement including a collar are attached.) Clorox will also assume approximately $440 million of First Brands debt. ''This acquisition is a rare opportunity that strikes a great balance between strengthening our existing portfolio in litter and auto care products while also providing an exciting new platform for the future in the attractive, growing, bags and wraps category,'' said G. Craig Sullivan, chairman and CEO of Clorox. ''It represents an excellent strategic fit.'' >>