JANA Partners Shows New 7.36% Stake in Ashland, Inc. (ASH)
Tweet
Share
E-mailGet Alerts ASH Hot Sheet
Join SI Premium – FREE
In a 13D filing on Ashland, Inc. (NYSE: ASH), hedge fund JANA Partners disclosed a 7.36%, or 5,813,787 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending Dec. 31, 2013.
From the filing:
The Reporting Person acquired the Shares because it believes the Shares are undervalued and represent an attractive investment opportunity. The Reporting Person has had discussions with the Issuer’s management relating to, among other things, the Issuer’s business, corporate structure, capitalization, operations, stragetgy and future plans. The Reporting Person expects to continue to have such discussions with the Issuer’s management as well as with the Issuer’s board of directors, shareholders and other parties relating to such matters, and may take other steps seeking to bring about changes to increase shareholder value as well as pursue other plans or proposals that relate to or would result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D.
Except as set forth herein or as would occur upon completion of any of the actions discussed herein, including in any Exhibits hereto, the Reporting Person has no present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D.
For more notable holders of Ashland, Inc. stock click here. For more information on JANA Partners click here.
From the filing:
The Reporting Person acquired the Shares because it believes the Shares are undervalued and represent an attractive investment opportunity. The Reporting Person has had discussions with the Issuer’s management relating to, among other things, the Issuer’s business, corporate structure, capitalization, operations, stragetgy and future plans. The Reporting Person expects to continue to have such discussions with the Issuer’s management as well as with the Issuer’s board of directors, shareholders and other parties relating to such matters, and may take other steps seeking to bring about changes to increase shareholder value as well as pursue other plans or proposals that relate to or would result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D.
Except as set forth herein or as would occur upon completion of any of the actions discussed herein, including in any Exhibits hereto, the Reporting Person has no present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D.
For more notable holders of Ashland, Inc. stock click here. For more information on JANA Partners click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wendy's stock plunges as Trian shelves take-private bid, Reuters reports
- SK Telecom to spin off SK Broadband data unit, raise KRW 3.08T
- BitGo acquires NYDIG's institutional trading business
Create E-mail Alert Related Categories
13Ds, Hedge Funds, Hot Hedge Fund News, Rumors, Trading HaltsRelated Entities
JANA Partners LLC, Barry Rosenstein, Hedge Funds, 13DSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
