Headlines

Airgas rejected Air Products’ revised cash offer of $65.50 per share and urges investors not to tender their shares. The Airgas board of directors continues to hold firm that the offer undervalues Airgas’ worth, stating that the offer “is not an appropriate value or a sensible starting point for negotiations.”

Airgas also says in a letter to shareholders that the company will “explore all available alternatives” if investors turn down Air Products’ proposal for a January meeting. Bloomberg reports that “seeking alternatives” typically involves soliciting other offers for a company.

Read about Airgas' rejection of Air Products' latest bid 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 1 of 272 Next›   Last›› 11/27/2012 Welding Begins on Oregon Rail Project ...more | comments Welders will connect two, 80-foot lengths of rail by a thermite welding process that superheats aluminum, iron oxide and alloy elements to produce molten steel and permanently join the rails. 11/27/2012 Airgas Chairman Sells 1.2 Million Shares ...more | comments Peter McCausland sells 1.2 million shares of Airgas common stock in privately negotiated overnight block trade. 11/27/2012 New Gas Process for Controlled Ripening ...more | comments Researchers set to revolutionize fresh fruit industry with new technology that converts ethylene gas into a powder form. 11/26/2012 Specialty Gas Growth Projections ...more | comments Report indicates slow and modest growth. 11/26/2012 ITW Names Successor ...more | comments David Speer, ITW chairman and CEO, dies after illness. Scott Santi named successor. 11/26/2012 Cee Kay Supply Healthy Employer Finalist ...more | comments Wellness program improves worker health. 11/21/2012 Lucas-Milhaupt Acquires Inmet ...more | comments Company buys alloy maker and expands product line. 11/21/2012 LNG Plant For Southwest Florida ...more | comments Air Products to build LNG plant in Florida. 11/21/2012 Low-Supply Helium Makes Parade Appearance ...more | comments Should we be wasting our dwindling supply of helium on floating cartoon characters? 11/14/2012 Lincoln Acquires Three Businesses ...more | comments Lincoln acquires shape cutting and engineered systems businesses.