Air Products/Airgas
Air Products & Chemicals Inc. (NYSE: APD) has tried multiple times to acquire rival Airgas Inc. (NYSE: ARG).
In July 2010, Air Products offered to acquire Airgas for $63.50 per share in cash, up from a prior offer of $60.00 initial sought in February 2010. Airgas rejected this latest overture.
The $63.50 per share offer comes at a premium of 46% over the closing price of Airgas' shares on February 4, 2010, the day before Air Products announced its initial offer.
Air Products took its offer directly to shareholders and initiated a tender offer than is set to expire on August 13, 2010.
Record fourth quarter adjusted diluted EPS* of $1.11, up 26% over prior year Fourth quarter same-store sales up 11% over prior year Return on capital* of 12.5%, up 60 basis points over prior year Record full-year adjusted diluted EPS* of $4.11, up 23% over prior year Fiscal year 2013 adjusted diluted EPS* guidance ...
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