Activist investor Ancora Alternatives has accumulated a significant position in Ashland Inc and is calling for the US specialty chemicals company to pursue a full sale, arguing that a transaction could unlock substantial shareholder value, according top a report by Reuters.
The report cites a presentation document reviewed by Reuters as revealing that the Cleveland-based hedge fund envisages a scenario in which a sale of Ashland Inc could increase the company’s share price by at least 30%. Ancor...
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