WSJ: Dean Foods, Clorox Subpoenaed In Insider Trading Probe

(RTTNews) - U.S. authorities have sought information from Dean Foods Co (DF) and Clorox Co (CLX) in connection with an insider trading probe examining the activities of billionaire investor Carl Icahn, sports bettor William Walters and professional golfer Phil Mickelson, the Wall Street Journal reported, citing people familiar with the matter.

Dallas, Texas-based dairy products maker Dean Foods received a subpoena in recent weeks from criminal authorities ordering the company to produce information, the Journal quoted a person familiar with the matter as saying.

Oakland, California-based cleaning products maker Clorox received a request for information from the Securities and Exchange Commission in 2011 related to trading in the company's shares, according to the Journal. Icahn also received a request for information from the SEC around that time.

The government investigation began after Icahn accumulated a 9.1% stake in Clorox in February 2011, according to people briefed on the probe, the business daily said. On July 15, 2011, Icahn made a $10.2 billion offer for Clorox that caused the stock to jump. Investigators are looking into whether he tipped Walters about his actions involving Clorox, the people said.