Air Products (APD) on Watch as Ackman Takes Large Stake
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Go back to Air Products (APD) on Watch as Ackman Takes Large Stake
August 1, 2013 1:01 PM EDT
Deutsche Bank maintained a Buy rating on Air Products & Chemicals Inc. (NYSE: APD) and raised its price target to $120.00 (from $112.00). Hedge fund manager Bill Ackman recently disclosed a stake in the company, and this may help accelerate return to historical multiple, thinks analyst David... More
July 31, 2013 11:13 AM EDT
Air Products & Chemicals, Inc. (NYSE: APD) is dipping a little bit lower following headlines that Soros is taking a large stake in Herbalife (NYSE: HLF). Earlier, it was disclosed that Pershing Square's Bill Ackman took a 9.8 percent stake in Air Products, while also being short Herbalife.... More
July 31, 2013 10:05 AM EDT
Bill Ackman's Pershing Square filed its 13D on Air Products & Chemicals, Inc. (NYSE: APD). The hedge fund disclosed a 9.84%, or 20,545,284 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending March 31, 2013.
Pershing Square purchased for the accounts of the Pershing Square Funds an aggregate of 20,545,284 shares of the Common Stock for total consideration (including brokerage commissions) of $2,032,074,148. Or an average cost of ~$98.90/share.
Item 4: Purpose of Transaction:
The... More
July 25, 2013 1:45 PM EDT
Air Products & Chemicals, Inc. (NYSE: APD) shares of sharply higher Thursday after the company... More
