Ashland adds directors, forms new committee after agreement with Ancora
Ashland Inc. has reached a cooperation agreement with shareholder Ancora Holdings Group LLC that will add two new independent directors to its board and create a new committee to review the company's capital allocation strategy, weeks after Ancora publicly urged the specialty chemicals company to consider a sale. The agreement, announced July 28, follows Ancora's June 9 presentation arguing that Ashland's business is undervalued and that the company should evaluate remaining independent again...
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