Ashland to buy back $500 million in shares in agreement with Goldman Ssachs

摘要

Ashland has agreed to buy back $500 million in shares from investment bank Goldman Sachs (New York), according to an accelerated share repurchase (ASR) agreement announced today. The initial buyback will consist of 3.9 million shares and the agreement ends in May 2016. Ashland has about 67.6 million shares outstanding and a market cap of about $7.4 billion.