Ashland Global Holdings, Inc. (ASH) announced an uncollared accelerated share repurchase (ASR) agreement with JPMorgan Chase Bank, National Association, to buy back an aggregate of $450 million worth of Ashland common shares with an initial delivery of around 3.9 million shares. Shares jumped 2.3% on the news, closing at $93.93 on September 3. The buyback program is subject to a $1 billion share repurchase program authorized by the company’s Board on March 15, 2018, from which $800 million remains outstanding.
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Ashland Global (NYSE:ASH)
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