This Slide: #18 of 91 |
Slide #18. Clayton, Dubilier & Rice — Ashland Water Technologies
Acquirer:
Clayton, Dubilier & Rice
Acquiree:
Ashland Water Technologies (NYSE:ASH)
Details:
Ashland Inc. (NYSE:ASH) today announced 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. The transaction is expected to close by the end of Ashland's fiscal year on September 30, 2014, contingent on certain customary regulatory approvals, standard closing conditions and completion of required employee information and consultation processes.
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Buy (3.09 out of 4) 35th percentile
(ranked lower than approx. 65% of all stocks covered)
Analysts' Target Price: ASH Stock Forecast Based on Zacks ABR data; powered by Xignite |