FTC Backs Ashland's $3.2B Chemical Maker Buy
In backing the deal, the FTC granted early termination of its premerger waiting period of 30 days.
Covington, Ky.-based Ashland announced May 31 that it would pay $3.2 billion in cash for the privately held, New Jersey-based International Specialty Products, which has $360 million in yearly adjusted earnings.
Ashland's stock jumped with the announcement that the...
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