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CW Insider: Air Products Turns Up the Heat on Airgas

3:40 PM MST | February 5, 2010 | Robert Westervelt

Air Products must see big things in small packages again. The company unveiled an unsolicited offer to acquire U.S. packaged gas leader Airgas last Friday for about $7 billion including debt. The proposed deal--a bid to re-enter the U.S. packaged gas market after selling its U.S. packaged gas operation to Airgas in 2002)--would create the biggest industrial gases company in North America, with annual sales of about $12.5 billion. Airgas says it is reviewing Air Products' latest proposal. Airgas notesthat it in December 2009 it received a cash and stock proposal...

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