IHS Chemical Week

Markets :: Industrial Gases

Air Products Ups Airgas Bid; Airgas Shareholder Urges Sale

1:20 PM MST | December 10, 2010 | Nancy Seewald

Air Products has raised its offer to acquire Airgas by about 7%, to $70/share. Air Products say the offer, which expires January 14, 2011, is its “best and final” and will not be further increased. “The Air Products board has determined that it is not in the best interests of Air Products shareholders to pursue this transaction indefinitely, and Airgas shareholders should be aware that Air Products will not pursue this offer to another Airgas shareholder meeting, whenever it may be held,” says Air Products chairman, president, and CEO John...

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Comments (1) for Air Products Ups Airgas Bid; Airgas Shareholder Urges Sale
1.
Rumors surface the Airgas Board of Directors will than likely accept Air Products new offer of $70 Monday morning. One of the board members was quoted as saying "Even though we would have like to have gotten more, the overall consensus of the board is that this move is in the best interest of shareholders... That was our goal all along."
Posted by BACer on Friday, December 10, 2010 @ 04:29 PM










 
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