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Airgas Rejects Air Products’ Sweetened Offer

7:14 AM MDT | September 10, 2010 | Nancy Seewald

Airgas has spurned Air Products’ latest acquisition offer, once again dismissing it as an “opportunistic attempt to cut off the Airgas stockholders’ ability to benefit” as the domestic economy improves. Air Products last week raised its offer for Airgas from $63.50/share to $65.50/share. Air Products first launched its hostile bid in February for $60/share (CW, Feb.8/15, p. 6). The revised offer expires on October 29. Mccausland: Open to other transactions. Mcglade: Unreasonable value expectations. Air Products says it will withdraw its...

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