Ashland Water Technologies Sale Anticipated By Jana Partners

Mark Melin

Published onFebruary 18, 2014

Updated on May 13, 2021

Specialty chemical company Ashland Inc. (NYSE:ASH) will sell its Ashland Water Technologies to a fund managed by Clayton, Dubilier & Rice in a transaction valued at approximately $1.8 billion.

Ashland's move anticipated by activist hedge fund

The move was anticipated by activist hedge fund Jana in their 4^th quarter investor letter. The December 2013 Jana letter noted Ashland Inc. (NYSE:ASH) had announced Stephen Kirk joined the board of directors, a candidate that JANA introduced to Ashland. In the same breath the December letter noted that Ashland management indicated to Jana the sale of the water division was on track...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Ashland Water Technologies Sale Anticipated By Jana Partners

Ashland's move anticipated by activist hedge fund

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