Item 7.01. Regulation FD Disclosure.
On April 30, 2021, Ashland Global Holdings, Inc. ("Ashland") issued a press
release announcing that it has completed the acquisition of the personal care
business from Schülke & Mayr GmbH, a portfolio company of the global investment
organization EQT.
A copy of the press release is being furnished to the Securities and Exchange
Commission (the "SEC") pursuant to Item 7.01-Regulation FD Disclosure of Form
8-K and is attached hereto as Exhibit 99.1.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. Ashland has identified some of
these forward-looking statements with words such as "anticipates," "believes,"
"expects," "estimates," "is likely," "predicts," "projects," "forecasts,"
"objectives," "may," "will," "should," "plans" and "intends" and the negative of
these words or other comparable terminology. These forward-looking statements
include, but are not limited to, statements relating to our expectation that the
acquisition will become immediately accretive to earnings per share. In
addition, Ashland may from time to time make forward-looking statements in its
annual reports, quarterly reports and other filings with the SEC, news releases
and other written and oral communications. These forward-looking statements are
based on Ashland's expectations and assumptions, as of the date such statements
are made, regarding Ashland's future operating performance and financial
condition, the strategic and competitive advantages of the expected acquisition,
as well as the economy and other future events or circumstances. Ashland's
expectations and assumptions include, without limitation, internal forecasts and
analyses of current and future market conditions and trends, management plans
and strategies, operating efficiencies and economic conditions (such as prices,
supply and demand, cost of raw materials, and the ability to recover
raw-material cost increases through price increases), and risks and
uncertainties associated with the following: Ashland's substantial indebtedness
(including the possibility that such indebtedness and related restrictive
covenants may adversely affect Ashland's future cash flows, results of
operations, financial condition and its ability to repay debt); the impact of
acquisitions and/or divestitures Ashland has made or may make, including the
acquisition of Schülke & Mayr's personal care business (including the
possibility that Ashland may not realize the anticipated benefits from such
transactions); and severe weather (including the recent U.S. Golf Coast storm),
natural disasters, public health crises (including the current COVID-19
pandemic) and legal proceedings and claims (including environmental and asbestos
matters). Various risks and uncertainties may cause actual results to differ
materially from those stated, projected or implied by any forward-looking
statements, including, without limitation, risks and uncertainties affecting
Ashland that are described in Ashland's most recent Form 10-K (including Item 1A
Risk Factors) filed with the SEC, which is available on Ashland's website
at http://investor.ashland.com or on the SEC's website at http://www.sec.gov.
Ashland believes its expectations and assumptions are reasonable, but there can
be no assurance that the expectations reflected herein will be achieved. Unless
legally required, Ashland undertakes no obligation to update any forward-looking
statements made in this news release whether as a result of new information,
future events or otherwise. Information on the respective websites of Ashland,
EQT and Schülke & Mayr is not incorporated into or a part of this news release.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 News Release dated April 30, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses