Friday Feb 21
Chemical & Engineering News
Ashland Sells Water Technologies Business For $1.8 Billion
Ashland will sell its water technologies business to the private equity firm Clayton, Dubilier & Rice for about $1.8 billion in cash.
Ashland Sheds Water Technologies Unit in $1.8B Sale
Ashland Water Technologies makes specialty chemicals for markets including pulp and paper, power generation, mining, energy and food and beverage, generating about $1.7 billion in annual sales.
UPDATE 1-Chemical maker Ashland to sell water unit for $1.8 bln
U.S. chemical manufacturer Ashland Inc , which is under pressure from activist investor Jana Partners, said it would sell its water technologies unit to a fund managed by Clayton, Dubilier & Rice for about $1.8 billion.
Barry Rosenstein and JANA Partners Love These Stocks
Barry Rosenstein 's Jana Partners filed a 13F to disclose its holdings in the last quarter of 2013.
Two major Cincinnati companies make big stock move
Chemed Corp. , which operates the odd combination of hospice care and plumbing businesses , jumped 7 percent through Tuesday to $78.69.
Ashland Given Consensus Recommendation of "Hold" by Brokerages
Shares of Ashland have received a consensus recommendation of "Hold" from the eleven ratings firms that are presently covering the company, American Banking and Market News reports .
Lehigh adds former Ashland CFO to board
Lamar Chambers, former senior vice president and chief financial officer of specialty chemical giant Ashland Inc., has been elected to the board of directors of Lehigh Technologies Inc., a manufacturer of sustainable, engineered powders from scrap rubber.