Airgas Urges Shareholders to Reject Air Products Bid

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 on February 4.  “The Airgas board of directors is unanimous in its belief that the Air Products offer significantly undervalues Airgas and fails to reflect the value of our industry leading position and future growth prospects,” says Airgas chairman and CEO Peter McCausland. “We believe...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers