Headlines

Industrial gas firm Airgas on Monday urged shareholders to reject a $5.1B tender offer from Air Products & Chemicals, arguing the offer undervalues the company.

Air Products launched an unsolicited $60-a-share cash bid for Airgas earlier in February, but after being rejected, took the bid hostile by launching a tender offer for Airgas shares.

"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," Airgas Chairman and CEO Peter McCausland said in a statement.

Airgas noted that the value offered is unchanged from the original offer, which it had rejected.

Read the full story at: reuters.com

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 1 of 219 Next›   Last›› 2/8/2012 SMC Registration Opens ...more | comments Sign up two attendees, get the third free for GAWDA event. 2/8/2012 Toyota Sticks With Manual Welding ...more | comments Automaker believes people allow company to remain flexible. 2/8/2012 Fifth Grader Creates New Molecule ...more | comments Ten-year-old girl discovers new molecule using oxygen, nitrogen and carbon atoms. 2/7/2012 Colfax Names ESAB VP ...more | comments Gary Hoover named vice president of Colfax Business System - ESAB 2/7/2012 Special Permits Meeting Set ...more | comments PHMSA to conduct public meeting regarding applicant fitness. 2/7/2012 Nano-Welding Method Developed ...more | comments Scientists weld together metal nanowires with light. 2/6/2012 Robotics Breaks Sales Records ...more | comments Welding robots contribute to record-breaking year for industry. 2/6/2012 Coalition Addresses Tank Endorsements ...more | comments New CDL rule requires tank truck endorsements for bulk containers. 2/6/2012 Propylene Prices Climb 13 Percent ...more | comments Petrochemicals marketplace surges in January 2012. 2/3/2012 Super Bowl Uses Gases and Welding ...more | comments From welded steel supports to beverage gas, the industry plays a critical role.