Ashland responds to Ancora Alternatives investor presentation

Ashland Inc. (NYSE: ASH) issued a statement responding to an investor presentation released by Ancora Alternatives LLC, according to a company announcement.

The specialty chemicals company said its board and management team remain committed to driving value creation for shareholders. Ashland stated that while Ancora did not engage with the company prior to its presentation, Ashland intends to engage with Ancora as part of its ongoing dialogue with investors.

The Wilmington, Delaware-based company said it remains focused on growth strategies to execute, globalize, innovate and invest while continuing to improve operational performance and cash generation. Ashland believes these priorities will position the company to convert its transformation into sustained financial and operating performance.

Ashland's board regularly evaluates the company's strategy and value creation opportunities, including reviews of operating plans, portfolio priorities and capital policy, as well as other strategic opportunities, the company stated. The board will continue to make decisions based on the best interest of the company and all shareholders.

Ashland serves customers in consumer and industrial markets including architectural coatings, construction, energy, food and beverage, personal care and pharmaceutical sectors. The company employs approximately 2,900 people and operates in more than 100 countries.

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