Covington-based Ashland (NYSE: ASH) will pay cash and expects to close by the end of its fiscal year in September.
Analysts think New Jersey-based ISP will provide Ashland with higher-margin, faster growth sales compared to its Ashland Distribution unit that it recently sold, according to this Bloomberg report.
Specialty chemicals are also thought to be less cyclical than the commodity business Ashland has been moving away...
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