FTC Approves Burt's Bees Sale

Clorox Co. (NYSE: CLX) has received antitrust approval to acquire Burt's Bees, a Morrisville, N.C.-based maker of lip balm and beauty products, for $925 million. Roxanne Quimby sold 80 percent of Burt's Bees to New York-based buyout firm AEA Investors in 2003. www.clorox.com