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Ashland agrees to $750-million accelerated share buyback

1:42 PM MDT | August 5, 2014 | Vincent Valk

Ashland has agreed to an accelerated share buyback worth $750 million, in which the company will repurchase common stock from Deutsche Bank and JP Morgan. The agreement extends through 30 June 2015, although it may be completed earlier. It is a part of Ashland’s $1.35-billion share buyback program, which is being funded with proceeds from the water unit divestiture, which closed this...

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