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Deals Rumor Mill: Ashland, Banco Popular, BNP Paribas

By Benjamin Horney (January 20, 2016, 5:43 PM EST) -- Chemical company Ashland Inc. is being pressured by one of its largest shareholders to scrap plans to spin off Valvoline and instead sell the specialty chemicals unit, according to a Wednesday report from The Wall Street Journal. Elmrox Investment Group LLC, which owns a roughly $100 million stake in Ashland, believes the unit could be worth more than $7 billion and sell for around $9 billion based on the current market, the report said....

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