Headlines

Air Products raised its offer to purchase all outstanding shares of Airgas to $65.50 per share, up from its previous offer of $63.50. The 3 percent increase brings Air Products’ takeover bid to $5.5 billion.

This announcement comes with Airgas’ annual meeting fast approaching. Air Products has nominated three individuals to the Airgas board as part of its efforts to acquire the company. They will go up against three incumbent board members at the September 15 meeting.

“If the Air Products nominees are elected and our by-law proposals approved, including holding the 2011 Annual Meeting on January 15, 2011, we stand ready to begin immediate negotiations with Airgas to complete a transaction,” says Air Products CEO John McGlade. “If Airgas shareholders do not elect these three nominees and approve all of our proposals, we will conclude that shareholders do not want a sale of Airgas at this time—and we will therefore terminate our offer and move on to the many other attractive growth opportunities available to Air Products around the world.”

Read about Air Products’ latest offer here.

0 Comment(s) Post a Comment   Be the first to comment on this item.  Comment on this item: Name: Company: Email: Comment: Security Code: Reload Image Enter the text shown in the box above. Comments that include profanity, personal attacks or antisocial behavior such as "spamming," "trolling," or any other inappropriate material will not be posted to the site and/or will be removed from the site. You are fully responsible for the content you post. Neither the Association nor the publisher of this website, Data Key Communications, Inc, are responsible for the contents thereof or the opinions of the contributors. Contact and company information entered must be true and accurate. By submitting a comment, you agree to these terms and conditions.

More Headlines Showing Page 2 of 239 ‹‹First   ‹Previous Next›   Last›› 5/11/2012 SMC Photos Show Attendees' Optimism ...more | comments As business picks up, conference attendees have reason to smile. 5/11/2012 Praxair Named Clean-Tech Leader ...more | comments Company listed among top-ten in innovation of clean-tech solutions. 5/10/2012 Wallace Promoted at TrackAbout ...more | comments Elizabeth Wallace named vice president of product management. 5/10/2012 Dates Set for Operation Roadcheck ...more | comments 72-hour truck inspection blitz set for June 5-7, 2012. 5/10/2012 Lincoln Receives Innovation Award ...more | comments Lincoln Electric honored by International Institute of Welding. 5/9/2012 GAWDA Members React To SMC ...more | comments Members offer feedback on conference educational and network opportunities. 5/9/2012 Colfax Reports Earnings Post-Acquisition ...more | comments Acquirer of ESAB parent Charter International sees revenues climb, profits fall. 5/9/2012 Small Business Optimism Climbs ...more | comments NFIB index hits highest level since December 2007. 5/8/2012 Air Products Secures Helium Supply ...more | comments Contract with National Helium provides base-load volume for plant in Kansas. 5/8/2012 Holston Helps Create Jobs ...more | comments Distributor helps Knoxville capture spot on Forbes' Best Cities for Jobs list.