Airgas will issue $300 million in new senior debt in a public offering, the company announced today. The will carry an interest rate of 2.85% and come due in 2013. It will go towards paying down the company's current revolving credit facility, which expires...
The company says it has cushioned the impact of the economic crisis....
Linde says its Linde Gases division has opened its previously announced helium production plant at Darwin, Australia. The plant...
Airgas’s board of directors has recommended that its shareholders reject Air Products’ proposal to acquire Airgas through a hostile takeover. Air Products launched its hostile bid last week after Airgas rejected its unsolicited $60/share proposal...
Air Products appears to see big things in small packages, again. After a brisk exit from the North American packaged gases sector in 2002, it is seeking a grand reentrance via a hostile takeover of Airgas (p. 6). Air Products says that a strategic review...
Air Products commenced a $5.1-billion hostile bid to acquire Airgas last week after several private and public approaches were rejected....
Air Products says it has commenced a fully financed hostile tender offer for all of Airgas's outstanding shares for $60/share. Air Products made an unsolicited $60/share bid for Airgas on February 5, which Airgas turned down. Airgas claims the $7-billion bid “very significantly undervalues Airgas and its future prospects.” Air Products, meanwhile, maintains that its offer will create more value "for Airgas shareholders than Airgas can achieve on a standalone basis."...
Airgas has rejected Air Products' $7-billion takeover bid, noting that the offer “very significantly undervalues Airgas and its future prospects.” Air Products maintains that its $60/share offer will create more value "for Airgas shareholders than Airgas can achieve on a standalone basis."...
The bid values Airgas at $7 billion, and would create the largest industrial gases company in North America....
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