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Ashland to Buy International Specialty Products for $3.2 Billion

12:39 PM MDT | June 1, 2011 | Kerri Walsh and Robert Westervelt

Ashland has agreed to acquire International Specialty Products (ISP; Wayne, NJ) for $3.2 billion in cash, significantly strengthening Ashland's presence in higher-growth personal care and pharmaceutical ingredient markets. Ashland shares soared 12% on the news today, closing at $68.34/share on May 31.
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