IHS Chemical Week

Air Products adopts poison pill

12:16 PM MDT | July 26, 2013

Air Products has adopted a stockholder rights plan, or so called ‘poison pill,’ noting “unusual and substantial activity” in its shares. The plan will be triggered if a person or group acquires 10%, or 20% in the case of institutional investors, of the company’s common stock. While the company noted unusual activity in it shares, it says the plan has not been adopted in response to any specific takeover bid. Air Products says it believes the rights plan will “help promote the fair and equal treatment of all stockholders of the company in the event of...

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