Key Developments: Ashland Inc (ASH.N)

ASH.N on New York Stock Exchange

105.73USD
23 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Ashland to sell elastomers business to Lion Copolymer Holdings LLC
Thursday, 9 Oct 2014 08:30am EDT 

Ashland Inc:Ashland Inc. and Lion Copolymer Holdings, LLC, announces they have reached definitive agreement under which Lion Copolymer will purchase Ashland's elastomers business based in Port Neches, Texas.The transaction is expected to close by Dec. 31, contingent on certain customary regulatory approvals and standard closing conditions.Financial terms were not disclosed.  Full Article

Ashland Inc and Clariant complete sale of ASK Chemicals joint venture to Rhône
Monday, 30 Jun 2014 01:00am EDT 

Ashland Inc and Clariant:Says they have completed the previously announced sale of their joint venture, ASK Chemicals GmbH headquartered in Hilden, Germany, to investment funds affiliated with Rhône, a London and New York-based private equity investment firm.The enterprise value of the transaction, before debt and assumed liabilities, amounts to 257 million euro.After adjusting for debt and assumed liabilities, total pre-tax proceeds to the sellers were 149 million euro, which includes 128 million euro in cash and a 21 million euro buyer note.Says Proceeds will be split evenly between Ashland and Clariant under terms of the 50/50 joint venture.  Full Article

Ashland Inc declared quarterly cash dividend
Thursday, 15 May 2014 08:01am EDT 

Ashland Inc:Declared quarterly cash dividend of 34 cents per share.Dividend is payable June 15, 2014.Record date on May 30.  Full Article

Ashland Inc gives FY 2015 earnings outlook - Conference Call
Thursday, 1 May 2014 09:00am EDT 

Ashland Inc:Expects FY 2015 earnings to grow in the high single-digit range.FY 2015 net income of $565 mln, EPS of $7.54 - Thomson Reuters I/B/E/S.  Full Article

Ashland Inc's chairman and chief executive officer Jim O'Brien to retire in Dec
Tuesday, 22 Apr 2014 07:45am EDT 

Ashland Inc:Says chairman and chief executive officer James J. O'Brien has decided to retire effective Dec. 31.Says its board has launched a formal search process to choose his successor.  Full Article

Ashland and Clariant announces agreement to sell ASK Chemicals
Wednesday, 9 Apr 2014 01:00am EDT 

Ashland Inc And Clariant:Agrees to sell joint venture ASK Chemicals GmbH headquartered in Hilden, Germany to investment funds affiliated with Rhône, a London and New York-based private equity investment fir.Value of the transaction, before debt and assumed liabilities, amounts to 257 mln euros.After adjusting for debt and assumed liabilities, total pre-tax proceeds to sellers will be 149 mln euros which includes 128 mln euros in cash and a 21-million euro buyer note.Proceeds will be split evenly between Ashland and Clariant under terms of 50/50 joint venture.Expected to close prior to end of Ashland's fiscal fourth quarter on Sept. 30.  Full Article

Ashland Inc signs definitive agreement to sell Ashland Water Technologies to Clayton, Dubilier & Rice
Tuesday, 18 Feb 2014 09:20am EST 

Ashland Inc:Says it has signed a definitive agreement to sell Ashland Water Technologies to a fund managed by Clayton, Dubilier & Rice in a transaction valued at approximately $1.8 billion.Says the transaction is expected to close by the end of Ashland's fiscal year on Sept. 30, contingent on certain customary regulatory approvals, standard closing conditions and completion of required employee information and consultation processes.  Full Article

Ashland Inc declares regular quarterly dividend
Thursday, 30 Jan 2014 10:15am EST 

Ashland Inc:Says declared a quarterly cash dividend of 34 cents per share on the company's common stock.Says the dividend is payable Mar. 15, to shareholders of record at the close of business on Feb. 14.  Full Article

Ashland Inc to cut up to 1000 jobs - Reuters
Monday, 27 Jan 2014 06:44pm EST 

Ashland Inc:The company said it would cut up to 1,000 jobs as part of a restructuring - Reuters.Ashland, which is under pressure from activist investor Jana Partners to boost shareholder value, also said it plans to move another 1,000 jobs to existing lower-cost centers.The restructuring is likely to save $150 million to $200 million annually.Says Ashland expects the majority of the savings to start during the first half of its fiscal 2015.  Full Article

Ashland Inc Declares Regular Quarterly Dividend
Thursday, 14 Nov 2013 08:28am EST 

Ashland Inc announced that it has declared a quarterly cash dividend of 34 cents per share on the Company's common stock. The dividend is payable December 15, 2013, to shareholders of record at the close of business on December 2, 2013.  Full Article

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