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ASH > SEC Filings for ASH > Form 8-K on 23-Jun-2009All Recent SEC Filings

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Form 8-K for ASHLAND INC.


23-Jun-2009

Other Events


Item 8.01. Other Events

On June 22, 2009, Ashland Inc. announced that it has signed a definitive agreement to sell its global marine services business, known for many years as Drew Marine, to J. F. Lehman & Co. in a transaction valued at approximately $120 million before tax. Ashland's after-tax proceeds will be used to reduce debt. The transaction is expected to close within 60 days, conditioned upon a number of standard closing conditions.

The proposed transaction is further described in the attached news release, which is attached hereto as Exhibit 99.1.

Item 9.01. Exhibits

(d) Exhibits

99.1 News Release dated June 22, 2009

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