Market Chatter: Ashland Explores Potential Sale Following Takeover Interest

MT Newswires Live08-08 04:47

Ashland (ASH) is exploring a potential sale after receiving takeover interest, following its settlement with an activist investor last month, Bloomberg reported Friday, citing people familiar with the matter.

Ashland is working with Citigroup (C) and Lazard (LAZ) as it considers interest from strategic and financial suitors, according to the report.

Ashland, Citigroup, and Lazard did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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