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Ashland enters $450 million accelerated share buyback with JP Morgan, National Association

Ashland Global Holdings Inc. (ASH) said Friday it has entered an accelerated share buyback program with JPMorgan Chase Bank and National Association for an aggregate $450 million. The Wilmington, Delaware-based specialty materials company said the agreement involves an initial delivery of about 3.9 million shares. The company has $800 million remaining in a $1 billion share buyback program that its board approved on March 15. Shares were not yet active premarket, but have gained about 16% in the year to date, while the S&P 500 has gained 20.8%.

-Ciara Linnane


(END) Dow Jones Newswires

09-03-21 0709ET

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