Prices of M&A targets to drop further - Ashland
28 January 2008 17:44 [Source: ICIS news]
HOUSTON (ICIS news)--An economic downturn will likely push down prices for potential acquisition targets, US specialty chemicals firm Ashland said on Monday.
As such, Ashland said it will postpone acquiring companies until prices drop further but added it will continue evaluating potential targets.
Another US specialty chemicals company, Rohm and Haas, said that turmoil in global credit markets is the main reason why it continues to postpone the possible sale of its salt segment.
The company's salt business includes the Morton Salt brand.
By: Al Greenwood
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