Bloomberg: Ashland water chemicals unit got three bids by deadline

Ashland (ASH) received three bids for its water chemicals unit as of the Feb. 10 deadline, including a joint proposal from Blackstone (BX) and Danaher (DHR) valued at almost $2B, Bloomberg reports.

If the Blackstone-Danaher group wins, it could break up the asset; DHR would keep the operations supplying treatments for municipal water and industrial waste, and BX would acquire the pulp- and paper-chemical side of the business.

ASH had said it would exit the water chemicals business as part of an overhaul that includes selling its elastomers unit, which supplies synthetic rubber to tire makers, and focusing on expanding in additives used in cosmetics and pharmaceuticals.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs