Item 8.01. Other Events
On June 18, 2008, Ashland Inc. and Süd-Chemie AG, a global specialty chemicals
company headquartered in Munich, Germany, announced a nonbinding memorandum of
understanding for a proposed 50-50 joint venture for serving the metal casting
industry. Since then, amid ongoing discussions, the preliminary due diligence
process has essentially been concluded. The parties are now considering
alternative structures.
Should Ashland and Süd-Chemie complete the negotiation of definitive agreements,
targeted for the first half of 2009, closing would further depend upon a number
of standard closing conditions, including regulatory review.
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