Robbins Umeda LLP Announces an Investigation of the Acquisition of Airgas, Inc. by Air Products & Chemicals Inc.
February 07 2010 - 8:00PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors ("the Board") of Airgas, Inc. ("Airgas")
(NYSE:ARG) in connection with the proposed acquisition of Airgas by
Air Products & Chemicals, Inc. ("Air Products") (NYSE:APD).
Under the terms of the offer, Air Products would acquire Airgas for
$60.00 per share in cash.
Previously, in October 2009, Air Products proposed to purchase
Airgas for an implied value of $60 per share, and in December 2009,
Air Products proposed to purchase Airgas for cash and stock with an
implied value of $62 per share. The Board of Airgas rejected both
offers.
Robbins Umeda LLP's investigation concerns possible breaches of
fiduciary duty and other violations of law related to the rejection
of the offers by the Airgas Board.
If you are a shareholder of Airgas, and would like more
information about your rights as a shareholder, please contact
attorney Lauren Levi at 800-350-6003 or by e-mail at
llevi@robbinsumeda.com.
Robbins Umeda LLP is a California-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please go to http://www.robbinsumeda.com.
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