|Bid||76.57 x 1000|
|Ask||76.46 x 3000|
|Day's Range||76.01 - 78.59|
|52 Week Range||64.81 - 86.63|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||42.54|
|Earnings Date||Jan 26, 2017 - Jan 27, 2017|
|Forward Dividend & Yield||1.00 (1.31%)|
|1y Target Est||90.50|
Ashland Global Holdings Inc. has reached an agreement with one of its large shareholders regarding the makeup of its board, ending a proxy battle launched late last year.
Activist Shareholder Negotiates Consulting Role for Dr. William Joyce Including Presence at Board Meeting By John Jannarone Cruiser Capital Advisors struck a deal with Ashland Global Holdings, preempting a proxy contest and reaching fresh concessions from the chemical company after more than a year of public involvement. In exchange for dropping its slate of nominees […]
Inc. after the specialty-chemicals manufacturer struck a deal last week with investor Neuberger Berman Group LLC. In the agreement with Ashland, Cruiser Capital, which owns a 2.5% stake, will withdraw its slate of nominees to Ashland’s board of directors and instead back the company’s nominees at an annual shareholder meeting in February, Ashland said Tuesday. Ashland will also appoint William Joyce, one of Cruiser’s previous board nominees, as a consultant tasked with reporting his recommendations regarding Ashland’s operations to the board.
Ashland Global Holdings and Cruiser Capital settled their proxy contest on Tuesday with a deal allowing the hedge fund to help select two new board members at the specialty chemicals company while one of its board nominees becomes a consultant there. "Ashland will consult with Cruiser Capital, in addition to its other shareholders, on the previously announced search for two new independent directors to be appointed to the Ashland board," the company said in a release. Ashland Global also said that it will appoint Dr. William Joyce, retired former chairman and chief executive officer of Nalco, Hercules Inc and Union Carbide Corp, and vice chairman of Dow Chemical, as a consultant to the company on operations-related matters.
Ashland Global Holdings Inc. (ASH) today announced that it has reached an agreement with Cruiser Capital Master Fund LP (“Cruiser Capital”) pursuant to which Ashland will consult with Cruiser Capital, in addition to its other shareholders, on the previously announced search for two new independent directors to be appointed to the Ashland board. The company will also appoint Dr. William H. Joyce, retired former chairman and chief executive officer of Nalco, Hercules Inc. and Union Carbide Corporation, and vice chairman of Dow Chemical, as a consultant to the company on operations-related matters.
Ashland’s highly qualified nominees have expertise critical to its business Company illustrates commitment to board refreshment and working constructively with.
Board and management are executing on strategic plan to deliver value Urges shareholders to vote “FOR” Ashland’s highly qualified director nominees on the BLUE proxy card.
Ashland Global Holdings Inc. is planning to add two independent directors to its board after shareholders vote at its annual meeting amidst a proxy battle with one of its large shareholders.
Hedge fund Cruiser Capital said it plans to press on with its proxy fight at Ashland Global Holdings even after the specialty chemicals business struck a deal to refresh its board with another large shareholder. The New York-based hedge fund is asking shareholders to replace four directors, including the company's chief executive who has a seat on the board, and is arguing that the company's deal with another shareholder hurts all investors. Over the weekend Ashland agreed with Neuberger Berman, which owns 2.8 percent of the company, to add two new directors and have one current director step down.
Neuberger Berman assisting in process and voting for Ashland slate of nominees for 2019 Annual MeetingCompany to initiate search for two new directors in consultation with.
Ashland Global Holdings Inc., locked in a proxy fight with an activist investor, struck a deal with a different, typically quiet investor to add two new directors and make other changes. Ashland Chief Executive Bill Wulfsohn and Neuberger Berman Group LLC, a 2.8% shareholder, told The Wall Street Journal on Sunday that they agreed to a plan in which the specialty-chemicals company will find and add two new directors after its annual meeting, refresh leadership of its board committees and have a longtime director step down. Hedge fund Cruiser Capital Advisors LLC, which owns 2.5% of Ashland, nominated four directors to Ashland’s board in October, seeking to oust four current directors, including one who will step down as part of the new plan.
A large shareholder of Ashland Global Holdings Inc. has nominated a slate of directors to rival some of the company’s board members, giving shareholders a choice to make when they vote next month.
NEW YORK, Jan. 08, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
UPDATED 4:08 PM ET: A New York hedge fund said it isn’t supporting the reelection of Ashland Global Holdings’ chief executive as chairman of the company’s board of directors
Cruiser Capital Advisors said on Monday it wants to replace four directors at chemical company Ashland Global Holdings, including the board chairman. The New York-based hedge fund aims to remove Ashland Chief Executive Bill Wulfsohn from his position as board chair and is also targeting three other directors who are members of the company's governance and nominating committee. "Should Bill Wulfsohn hold both the Chairman and CEO jobs?," the hedge fund wrote in a letter on Monday.
Activist Shareholder Cruiser Capital Criticizes Ashland for Poor Governance and Misleading Statements By John Jannarone Cruiser Capital Advisors issued a letter to Ashland Global Holdings shareholders Monday, urging them to replace four board directors including the current chairman and CEO, citing a lapse in corporate governance and deliberate attempts to mislead investors about the company's […]
Ashland Global Holdings Inc. (ASH) announced that it has filed definitive proxy materials, including its definitive proxy statement and blue proxy card, with the U.S. Securities and Exchange Commission in connection with Ashland’s 2019 Annual Meeting of Stockholders, scheduled for February 8, 2019 (“2019 Annual Meeting”). Ashland shareholders of record as of the close of business on December 10, 2019 will be entitled to vote at the 2019 Annual Meeting.
On January 3, Ashland (ASH) announced that it will increase composite product prices. The price increase is limited to India. The price increase will be effective on January 3 or as the contract allows.
Ashland (ASH) projects adjusted EPS for fiscal 2019 in the range of $3.10-$3.40, reflecting the pending divestiture of the Composites unit and the BDO manufacturing facility.
After Wednesday’s record rise, the Dow Jones industrial Average is down 345.83, or 1.51%, to 22,532.62 in recent trading.
Yahoo Finance’s Adam Shapiro, Julie Hyman and Brian Sozzi join Managing Partner of Cruiser Capital Advisors Keith Rosenbloom to discuss the proxy fight between Ashland Global and Cruiser Capital.