SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 29, 2003
ASHLAND INC.
(Exact name of registrant as specified in its charter)
Kentucky
(State or other jurisdiction of incorporation)
1-2918 61-0122250
(Commission File Number) (I.R.S. Employer
Identification No.)
50 E. RiverCenter Boulevard, Covington, Kentucky 41012-0391
(Address of principal executive offices) (Zip Code)
P.O. Box 391, Covington, Kentucky 41012-0391
(Mailing Address) (Zip Code)
Registrant's telephone number, including area code (859) 815-3333
Item 5. Other Events
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On August 29, 2003, Ashland Inc. ("Ashland") announced that it has
completed the sale of its Electronic Chemicals business group to Air
Products and Chemicals, Inc. in a cash transaction valued at approximately
$300 million. The transaction is expected to produce net cash flow of
roughly $260 million and an after-tax gain in the neighborhood of $80
million.
The transaction is discussed in more detail in the press release
attached hereto as Exhibit 99.1, which is incorporated herein by reference
in its entirety.
Item 7. Financial Statements and Exhibits
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(c) Exhibits
99.1 Press Release dated August 29, 2003
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
ASHLAND INC.
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(Registrant)
Date: August 29, 2003 /s/ J. Marvin Quin
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Name: J. Marvin Quin
Title: Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
99.1 Press Release dated August 29, 2003
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