Ancora Releases Presentation Highlighting the Opportunity for a Value-Maximizing, Competitive Sale Process at Ashland Inc.
Activist investor Ancora released a presentation urging Ashland's board to conduct a sale process, estimating a takeout price of roughly $76 per share based on an 11.5x EV/EBITDA multiple. Ancora notes that Standard Industries already owns ~9.9% of Ashland and has a history of taking companies private, suggesting there is meaningful interest from other strategic and PE buyers.
Key figures
- Sop valuation
- $81.39
- Ev ebitda peers
- ~13.8x
- Estimated premium
- 33.1%
- Ev ebitda current
- ~9.6x
- Ev ebitda historical
- ~11.0x
- Estimated takeout price
- $76.47
- Standard industries stake
- ~9.9%
AI analysis
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