Ashland Global To Repurchase $450 Mln Of Common Stock

(RTTNews) - Ashland Global Holdings Inc. (ASH) said that it has entered into an uncollared accelerated share repurchase or ASR agreement with JPMorgan Chase Bank, National Association, to repurchase an aggregate of $450 million of Ashland common stock, with an initial delivery of about 3.9 million shares.

The program is subject to the $1 billion share repurchase program authorized by Ashland Board of Directors on March 15, 2018 from which $800 million is outstanding.

The ASR agreement is scheduled to terminate no later than March 31, 2022 but may be terminated early in certain circumstances.