Clorox May Sell Auto Care Brands for $800 Million
The sale may be announced in the coming days, Bloomberg News reported without naming its sources. JPMorgan Chase (JPM) has been advising Clorox on the deal.
STP and Armor All have annual sales of about $300 million.
Clorox and JPMorgan both declined to comment to Bloomberg News. An Avista spokeswoman didn't immediately return calls.
The deal is not finalized and may still fall through.