Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Ashland Inc. (“Ashland” or the “Company”) (NYSE: ASH) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s 2011 Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 6, 2012, the Board of Directors recommends that Ashland’s shareholders vote to approve an amendment to approve an amendment to the 2011 Ashland Inc. Incentive Plan to increase the aggregate number of shares of common stock authorized for issuance under the plan by 2,000,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Ashland common stock.
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