GO
Loading...

Chemical maker Ashland to sell water unit for $1.8 bln

Feb 18 (Reuters) - U.S. chemical manufacturer Ashland Inc said it would sell its water technologies unit to a fund managed by Clayton, Dubilier & Rice for about $1.8 billion.

The proceeds will be used to fund a $1.35 billion stock repurchase it also announced on Tuesday.

Ashland shares were up 2.3 percent at $98.40 in early trading.

Symbol
Price
 
Change
%Change
ASH
---