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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. 

Company Quote

2.53
0.21 +9.05%
21 Nov 2014