Clorox Buying Burt's Bees
read article in the NY Times

Clorox posted a quarterly profit yesterday that was slightly less than year’s but still better than analysts had expected, and said it would buy the privately held personal products company Burt’s Bees.

Clorox said it would buy Burt’s Bees, which makes lip balm, soaps and other products from natural ingredients, for $925 million net of an additional $25 million for expected tax benefits.

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