Market Chatter: Ashland Urged to Pursue Sale by Activist Investor Cruiser Capital

MT Newswires Live
Jun 18

Ashland (ASH) is facing pressure from activist investor Cruiser Capital Advisors to put itself up for sale, as it is unable to maximize shareholder value despite having attractive assets, Bloomberg reported Thursday, citing the investor's letter sent to Ashland's board.

Cruiser Capital said in the letter that certain potential acquirers will be able to reduce costs and realize synergies of at least $100 million, according to the report.

Ancora Alternatives, another activist investor, earlier in the month also asked Ashland to sell itself, the report said.

Ashland did immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10