|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||74.66 - 76.28|
|52 Week Range||64.81 - 86.63|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||42.22|
|Earnings Date||Jan 26, 2017 - Jan 27, 2017|
|Forward Dividend & Yield||1.00 (1.35%)|
|1y Target Est||90.50|
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.
Specialty chemicals company Ashland Global Holdings Inc. said Thursday it is tweaking guidance for fiscal 2019 to reflect the sale of its composites business and BDO manufacturing facility in Marl, Germany in a deal valued at about $1.1 billion. The company said the timing of the deal close means the full benefit of restructuring and interest savings will not be realized until fiscal 2020. it now expects fiscal 2019 adjusted per-share earnings of $3.10 to $3.40, down from prior guidance of $3.10 to $3.40. For the first quarter, it expects adjusted EPS of 5 cents to 15 cents, down from prior guidance of 55 cents to 65 cents. Shares were down 1.5% premarket, but are down 18.8% in 2018, while the S&P 500 has fallen 7.7%.
Expect divestiture net proceeds of approximately $1 billion to be used for debt reduction post-transaction closing Transaction expected to close prior to the end of the June 2019 quarter COVINGTON, ...
Cruiser Reiterates That Its Board Nominees Can Improve Company without Firing Staff Cruiser Capital Advisors says chemical manufacturer Ashland Global Holdings made a statement to its staff designed to confuse them about the goals of the activist investor. “[W]e are deeply troubled by Ashland’s description of our recommendations for the Company, which we believe is […]
Believes Investors Deserve Directors Who Will Constructively Engage with Stockholders – Like Dr. Bill Joyce and Allen Spizzo – Who Have Knowledge and Experience That May Improve As
Barry W. Perry, Ashland`s current lead independent director, will retire from the board, consistent with Ashland`s director retirement policy, as of the company`s 2019 Annual Meeting of Stockholders ("2019 Annual Meeting"). The board will appoint a new lead independent director to succeed Mr. Perry upon his retirement. Additionally, the company announced that a search for a new independent director is underway.
COVINGTON, Kentucky, December 13, 2018 - Ashland (NYSE: ASH) today announced that William C. Whitaker has been named vice president and treasurer of the company, effective January 1, 2019. Whitaker succeeds ...
On December 3, Ashland (ASH) announced that it completed the expansion of Natrosol HEC (hydroxyethylcellulose) in Nanjing, China. The plant expansion caused the site output to increase 30%. The expansion will likely give Ashland an advantage over its cost of production.