HENKEL TO INCREASE STAKE IN CLOROX <CLX>
Clorox Co said <Henkel KGaA> of
Dusseldorf, West Germany, agreed to increase its holdings in
Clorox to 30 pct from the current level of 23 pct.
    Henkel, which also holds a subordinated note convertible
into another 1.7 pct of the company's stock, intends to acquire
the additional shares in the open market over an extended
period of time, Clorox said.
    It also said that, for the foreseeable future, Henkel does
not intend to increase its participation in Clorox above the 30
pct level.
 Reuter
