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Stock impact report

Ashland completes acquisition of personal care business of Schülke & Mayr GmbH, a portfolio company of EQT

Ashland Inc. (ASH) 
Last ashland inc. earnings: 1/27 05:00 pm Check Earnings Report
US:NYSE Investor Relations: investor.ashland.com/investor-relations
Company Research Source: GlobeNewswire
WILMINGTON, Del., April 30, 2021 (GLOBE NEWSWIRE) -- Ashland Global Holdings Inc. (NYSE: ASH) today announced that it has completed the acquisition of the personal care business from Schülke & Mayr GmbH, a portfolio company of the global investment organization EQT. Under the terms of the agreement, Ashland agreed to a purchase price of €262.5 million in an all-cash transaction funded with bank financing and available cash, subject to customary purchase price adjustments. Ashland expects the acquisition to become immediately accretive to Ashland's earnings per share. The completion of the acquisition strengthens Ashland’s consumer business portfolio and enhances the company’s specialty additives position while expanding the company’s biotechnology and microbiology technical competencies. The move also advances Ashland’s environmental, social and governance (ESG) agenda by further aligning the company’s personal care and household portfolio with the ‘clean beauty’ trend and new ge Show less Read more
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