Clorox receives acquisition proposal from Icahn Enterprises
OAKLAND, Calif. — Clorox on Friday confirmed it has received an unsolicited conditional proposal from Icahn Enterprises to acquire the company for $76.50 per share, subject to due diligence, financing and other conditions. Clorox said its board of directors, in consultation with its financial and legal advisers, will review the proposal in due course.
Goldman, Sachs & Co. and J.P. Morgan Securities are serving as financial advisers, and Wachtell, Lipton, Rosen & Katz is legal adviser.
Latest ‘Pirates’ film sets sail for Blu-ray
BURBANK, Calif. — Walt Disney Studios and Jerry Bruckheimer Films announced that the latest installment of the "Pirates of the Caribbean" series, "Pirates of the Caribbean: On Stranger Tides," will be available on high-definition Blu-ray, Blu-ray 3-D and movie download on Oct. 18.
The film will be available in a limited-edition five-disc combo pack (one-disc Blu-ray 3-D, two-disc Blu-ray, one-disc DVD and one-disc digital copy), a two-disc combo pack (one-disc Blu-ray and one-disc DVD), and a 15-disc four-movie collection. Additionally the movie will be available in 3-D and high-definition movie download.
The limited-edition five-disc Blu-ray combo pack includes hours of bonus materials offering fans a deeper dive inside "Pirates of the Caribbean: On Stranger Tides," including immersive Disney Second Screen technology, exclusive behind-the-scenes experiences, Fountain of Youth mythology, an extensive look at mermaids, bloopers, deleted and extended scenes, and much more, the companies reported.
The15-disc four-movie collection is packaged in an authentic replica pirate’s chest, and includes a collectible map and an iconic skull disc case that holds the Blu-ray discs and digital copies of all four "Pirates of the Caribbean" movies, along with the Blu-ray 3-D disc and DVD of "Pirates of the Caribbean: On Stranger Tides."
Giant Eagle unveils first two compressed natural gas fueling stations
PITTSBURGH — Giant Eagle on Thursday unveiled its first two compressed natural gas fueling stations in the Pittsburgh area at its Beechnut Drive retail support and distribution center.
"We are dedicated to doing business in the most sustainable manner possible across all of our business operations," stated Giant Eagle EVP and COO John Lucot. "Our efforts have been greatly advanced with the help of others, and we give thanks to the local and state officials here today, as well as to our allies at Volvo Trucks and EQT who partnered with us to make these facilities possible."
Lucot added, "This project delivers improved air quality for the region through emissions reductions, reduces dependence on traditional fuels, and serves as a regional catalyst for southwestern Pennsylvania in adopting and understanding alternative fuels and clean transportation technology."
According to data from the International Association for Natural Gas Vehicles, CNG typically is priced one-third below the cost of gasoline and diesel. In addition to cost savings, CNG reduces particulate matter emissions by 94%, carbon monoxide emissions by 75%, nitrogen oxide emissions by up to 49% and carbon dioxide emissions by 25%.
"Until now, there have been no viable alternative fuel options for heavy-duty delivery trucks with the necessary level of power required to navigate the region’s hilly and mountainous terrain," noted Giant Eagle VP logistics Bill Parry. "To continue evolving our environmentally friendly fleet, Giant Eagle worked closely with Volvo to design the 10 new CNG vehicles here today with an 8.9-liter Cummins engine as the first of their kind in the commercial transportation industry."