IHS Chemical Week

Hedge fund Pershing Square acquires 9.8% stake in Air Products

12:17 PM MDT | July 31, 2013

Pershing Square Capital Management (New York), run by activist investor Bill Ackman, has acquired a 9.8% stake in Air Products, according to regulatory filings. The firm says in the filing that Air Products “is undervalued and is an attractive investment.” Air Products said in a statement Wednesday that it has not been contacted by the hedge fund “but welcomes new investors and looks forward to engaging with Pershing Square to understand its views.” Air Products last week adopted a stockholder rights plan, or poison pill, noting “unusual and substantial...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 

Username:
Password:

Forgot your user ID or password? Click here to have it sent to you.

 

 

If you are not yet a subscriber and would like to access the turnkey information found only in Chemweek’s Business Daily, subscribe now and you’ll get the most important news of the chemical industry delivered directly to your inbox—every day.

Sign up for a FREE 15-day trial of IHS Chemical Week Business Daily













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa