Ashland (ASH) Enters $500M Accelerated Buyback Agreement
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Ashland Inc. enters into $500 million accelerated share repurchase
November 17, 2015 7:53 PM ESTNovember 17, 2015
COVINGTON, Ky. - Ashland Inc. (NYSE: ASH) today announced that it has entered into an uncollared accelerated share repurchase (ASR) agreement with Goldman Sachs & Co. to repurchase an aggregate of $500 million of Ashland's common stock. In April 2015, Ashland's board of directors approved a $1 billion share repurchase authorization expiring December 2017.
Under the ASR agreement, Ashland has agreed to repurchase an aggregate of $500 million of its common stock from Goldman Sachs, with an initial delivery of approximately 3.9 million shares. The ASR Agreement is scheduled to... More
