Airgas Rejects Air Products’ Latest Acquisition Bid

Airgas’ board of directors has unanimously rejected Air Products’ most recent bid to acquire Airgas for $65.50/share. The offer price is about 3% higher than Air Products’ previous bid. “We believe that this slight increase in Air Products’ offer price does not adequately compensate Airgas stockholders for the company’s inherent value, excellent prospects, and impressive economic performance since Air Products first announced its offer,” says Airgas chairman and CEO Peter McCausland. “We believe that Air...

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