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Airgas Inc. sent a letter to its stockholders responding the tactics used by Air Products’ in its attempt to acquire the company over the last ten months. The letter from Airgas Chairman and CEO Peter McCausland states, “The one approach Air Products has failed to employ is to offer an appropriate price—one that compensates our stockholders for Airgas’ scarcity and synergy value, extraordinary history of operating and financial performance, outstanding recent results and excellent growth prospects.”

“If Air Products truly wants to acquire Airgas, it knows what to do,” McCausland continues. “It must offer a price that fairly compensates you—our stockholders—or terminate its efforts.”

Read the entirety of Airgas’ response here.

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