Ashland fles for Valvoline IPO

摘要

Ashland has fled with the US Securities and Exchange Commission (SEC; Washington) for its proposed initial public ofering (IPO) of up to 20% of Valvoline shares. The fling is a further step toward the eventual spin-of of Valvoline, which is expected to be complete by the middle of next year. Ashland expects to complete the IPO by the end of this year. Ashland announced in April that it intends to undertake an IPO for 20% of Valvoline, several months after the September 2015 announcement of the spin-of.