Ashland signs definitive agreement to sell Avoca business to Mane
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Ashland Inc. has signed an agreement to sell its Avoca business to Mane, with the transaction expected to close in Q1 2025, pending customary conditions.
December 23, 2024 | 10:15 pm
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Ashland Inc. is selling its Avoca business to Mane, with the deal expected to close in Q1 2025. This divestiture could streamline Ashland's operations and potentially improve its financial position.
The sale of the Avoca business is a strategic move for Ashland, likely to streamline its operations and focus on core areas. This could lead to a positive short-term impact on Ashland's stock price as investors may view the divestiture as a step towards improving financial health.
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IMPORTANCE 80
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