Ashland Collecting Takeover Bids This Month as Apollo, Carlyle Circle

M&A · PartnershipCorporate Action
โดย Seeking Alpha·US·Read original
Summary · why it matters

Ashland is collecting takeover bids this month, sending its shares up almost 1%, according to a report circulating Tuesday. Apollo Global and Carlyle Group are among the financial sponsors interested in the chemical maker, traders said, citing a DealReporter article. The update follows a Bloomberg report last month that Ashland was evaluating a possible sale after receiving takeover interest, with Advent, Apollo and Carlyle Group among those that had contacted the company. Standard Industries Inc., which through its investment platform Standard Investments LLC is among Ashland's biggest shareholders, is also interested, according to the Bloomberg report. Activist investors have been pushing for months for Ashland to explore a sale, and last month the company confirmed an agreement with activist investor Ancora Holdings to expand its board. Ashland is set to hold its innovation day on Thursday.

Impact on stocks 4

Materials▲ · 1 stocks
Ashland Global Holdings Inc
ASH
▲ PositiveCapitalrelevance

Collecting takeover bids this month from Apollo, Carlyle and others after activist pressure to explore a sale.

Aging Population▲ · 1 stocks
Financials▲ · 1 stocks
Carlyle Group Inc
CG
± MixedCapitalrelevance

Named as one of the financial sponsors interested in bidding for Ashland; no deal or terms confirmed.

Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 3

Advent InternationalPrivate± Mixed
relevance

Standard Industries IncPrivate± Mixed
relevance

Standard Investments LLCPrivate± Mixed
relevance

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