Ashland Global Holdings Inc. (ASH) announced the sale of performance adhesives business to Arkema for $1.65 billion. The sale will result in Ashland becoming a focused additive and ingredients company. The company's unit, Ashland LLC, has entered a definitive agreement with Arkema for the all-cash deal. The divestment is anticipated to close by the end of calendar year.

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Ashland Global Holdings Inc. (ASH) announced the sale of performance adhesives business to Arkema for $1.65 billion. The sale will result in Ashland becoming a focused additive and ingredients company. The company's unit, Ashland LLC, has entered a definitive agreement with Arkema for the all-cash deal. The divestment is anticipated to close by the end of calendar year.

RTTNews | Aug 31, 2021 03:29AM EDT

03:28 Tuesday, August 31, 2021 (RTTNews.com) - Ashland Global Holdings Inc. (ASH) announced the sale of performance adhesives business to Arkema for $1.65 billion. The sale will result in Ashland becoming a focused additive and ingredients company. The company's unit, Ashland LLC, has entered a definitive agreement with Arkema for the all-cash deal. The divestment is anticipated to close by the end of calendar year.

Ashland projects net proceeds from the sale to total approximately $1.2 to $1.3 billion.

The company plans to hold an Investor Day later in the current year.

Read the original article on RTTNews ( https://www.rttnews.com/3222026/ashland-global-to-divest-performance-adhesives-business-quick-facts.aspx)

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