$ASH

Ashland Global Holdings (NYSE:ASH) rose about 5.5% after Bloomberg reported the chemical maker is exploring a potential sale amid takeover interest. Bloomberg said Ashland is working with Citigroup and Lazard and has had contact from firms including Advent, Apollo, and Carlyle, with Standard Industries also interested. Deliberations are ongoing and no deal is assured.

Morgan Stanley raised its price target for Ashland to $78 from $58 and kept an Equalweight rating, according to the note cited in the article. The stock was also mentioned with a separate Deutsche Bank adjustment to $85 from $74, maintaining a Buy rating.

UGI Utilities began replacing natural gas mains in Ashland on Aug. 3, 2026, with work expected to finish by mid-August, affecting several unnamed streets. The project is intended to improve safety and reliability and may allow some residents and businesses to convert to natural gas, according to the company.

Ashland said it appointed two independent directors, Peter Thomas and Allen Spizzo, effective immediately, and formed a Capital Allocation Advisory Committee under a cooperation agreement with meaningful stockholder Ancora Holdings Group. Thomas and Spizzo will stand for election at Ashland’s 2027 annual meeting. Ancora agreed to standstill and voting commitments.

Ashland Inc. reported Q3 2026 sales of $497 million and net income of $16 million, versus a year-earlier net loss, and reaffirmed full-year sales guidance of $1.84 billion to $1.87 billion. The company also added two independent directors and created a Capital Allocation Advisory Committee with a major shareholder, signaling a focus on cash deployment.

ASHLAND INC. (ASH) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 2 ash-ex10_1.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION FIFTH AMENDMENT TO THE RECEIVABLES PURCHASE AGREEMENT This FIFTH AMENDMENT TO THE RECEIVABLES PURCHASE AGREEMENT (this “ Amendment ”), dated as of July 30, 2026, is entered into by and among the following par

Strategic Performance Drivers Broad-based volume growth of 6% was driven by resilient demand in Life Sciences and Personal Care, alongside market share gains in Specialty Additives. The 'Innovate' and 'Globalize' strategies have already met or exceeded full-year targets, shifting the portfolio toward higher-value, differentiated applications.

Ashland Inc (NYSE:ASH) reported Q2 earnings of $1.02 per share, above the 98 cents consensus, and sales of $497.0 million versus $485.979 million expected. The company kept FY2026 sales guidance at $1.835 billion to $1.870 billion. After the results, analysts at BMO and Mizuho raised price targets for ASH.

Ashland Global Holdings (ASH) shares rose 5.91% to $72.03 on Jul 28, driven by two simultaneous events. The company reported Q3 FY26 revenue of $497M (+7% YoY) and adjusted EPS of $1.02, beating estimates. It also confirmed a cooperation agreement with activist Ancora, adding independent directors and a capital allocation committee, with analysts citing activism in raised price targets of $77-$78.

ASHLAND INC. (ASH) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 2 ash-ex10_1.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION COOPERATION AGREEMENT This Cooperation Agreement (“ Agreement ”), dated as of July 27, 2026, is made by and among Ashland Inc., a Delaware corporation (the “ Company ”), Ancora Holdings Group, LLC (“ Ancora ”