Report says Ashland seeking buyer for its distribution unit


Officials at Ashland Inc. declined to comment on a published report that the firm is looking to sell its distribution unit, which includes one of North America’s largest resin distribution businesses.

According to an Aug. 12 story from the Reuters news service, Ashland has hired Bank of America to advise on the possible sale of the distribution unit.

The story anonymously quoted “several sources familiar with the matter.” An Ashland spokesman said that the firm does...
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