JANA Partners revealed after the bell Thursday that it has acquired a 7.4 percent stake in Ashland Inc. (ASH).
Ashland gapped open sharply higher Friday and rose in early trade. The stock extended its gains around mid-afternoon and finished up by 7.83 at $86.66 on the highest volume of the year. Ashland closed challenging the highs of the year, trading at over a 2-month high.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.