Airgas Dismisses Air Products' Bid As Insufficient
July 22 2010 - 8:17PM
Dow Jones News
Airgas Inc. (ARG) said Thursday that the $65.30 per share
acquisition bid received from Air Products & Chemicals Inc.
(APD) is insufficient. The industrial gas supplier said Air
Products' offer "fails to fairly compensate stockholders for the
value inherent in Airgas."
Air Products had earlier in the day said it sent a letter to
Airgas shareholders urging them to tender their shares into the
offer, before an Aug. 13 expiration.
-John Letzing; 415-439-6400; AskNewswires@dowjones.com
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