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frenchee

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frenchee

Re: None

Friday, 07/11/2008 12:53:19 PM

Friday, July 11, 2008 12:53:19 PM

Post# of 29
Ouch--COVINGTON, Ky (Thomson Financial) - Specialty chemicals group Ashland Inc.
said it agreed to acquire Hercules Inc. in a $3.3 billion cash and stock deal.
Ashland said it will acquire all outstanding shares of Hercules for
$18.60 per share in cash and 0.093 of a share of Ashland common stock for each
share of Hercules common stock.
The deal also includes $0.7 billion of net assumed debt.
The transaction is expected to close by the end of calendar 2008, it said.


Regards,
frenchee

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