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Showing results for The Valvoline Company, a Divsion of Ashland, Inc.
...Companies in England face an “iceberg” next spring, with a £3bn jump in business rates — the taxes they pay based on the rental value of the property they occupy....
...And Sir Jim does not pass up opportunities: last week Ineos added the resins business of US-based Ashland Global Holdings in a $1.1bn deal....
...Market speculation in recent days had linked Croda with a possible offer of around $93 a share for Ashland, which would have given the US group a market value of $5.7bn and would likely have required Croda...
...The group took on those debts to fund a payment to Ashland, its former parent company that is offloading Valvoline through the IPO, according to filings with US securities regulators....
...Chemical company Ashland moved forward on Tuesday with plans to spin-off automotive lubricant division Valvoline, with the latter filing for a $100m initial public offering....
...Meanwhile, shares in Valvoline, a maker of motor oils and car lubricants earlier climbed as much as 11 per cent to $24.51 in its market debut....
...“You look at the trends in the business. There really has been a lot of new money coming into the news industry as well as a lot of interests from existing strategic players.”...
...Ashland, which announced that it will buy privately-held International Specialty Products for $3.2bn in cash, is a veritable case study in the advantages of moving from basic to specialty chemicals, having...
...Ashland, the chemicals company, has agreed to buy International Specialty Products, a privately owned maker of niche chemicals, for about $3.2bn in cash in an effort to expand into high growth sectors such...
...Seller financing has been considered in the disposals of at least three businesses now being circled by buy-out investors and rivals: Valvoline, the auto products business owned by chemicals company Ashland...
...In August, the group spent $1.3bn buying Ashland Paving and Construction from Ashland Inc, a US industrial group....
...Starwood Hotels added 1.6 per cent to $57.46 on news the company would open a luxury hotel in Qatar at the end of next year....
...Chemicals and construction company Ashland dipped after it said it had agreed to sell its highway construction business to Irish construction group CRH for $1.3bn....
...Analysts largely welcomed the management shake-up, interpreting it as a sign of aggressiveness on the part of the company to reverse losses that had dragged shares down more than 25 per cent since May....
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