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): July 18, 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 July 16, 2003, Honeywell International Inc., a Delaware corporation
("Honeywell"), and GEM Microelectronic Materials L.L.C. ("GEM"), a joint
venture between Honeywell and Texas Ultrapure Inc., filed suit against
Ashland Inc. ("Ashland") and Air Products and Chemicals, Inc. ("Air
Products") in the Delaware Chancery Court in New Castle County, Delaware
based upon an alleged breach of a strategic alliance agreement between GEM
and Air Products. The lawsuit seeks, among other remedies, a preliminary
and permanent injunction preventing the consummation of Air Products'
proposed purchase of the net assets of Ashland's Electronic Chemicals
business and certain related subsidiaries, which was previously disclosed
in Ashland's Form 8-K filed June 30, 2003. Ashland is currently reviewing
the Complaint.
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: July 18, 2003 /s/ David L. Hausrath
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Name: David L. Hausrath
Title: Vice President and
General Counsel
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