Ashland Inc (ASH.N)
Buyout firm TPG Capital Management LP is exploring a sale or initial public offering of Nexeo Solutions LLC, hoping a deal would value the U.S. chemical distribution company at close to $2 billion, including debt, according to people familiar with the matter.
Sept 22 Ashland Inc said it will spin off its engine lubricants unit into a publicly traded company, Valvoline, as it sheds assets that are not part of its core specialty chemicals business.
Sept 22 Specialty chemicals maker Ashland Inc said it will spin off its engine lubricants unit into a publicly traded company, Valvoline, to focus on its higher margin businesses.
* Sells Zeta Fraction biofunctional technology to Ashland Inc
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