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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Airgas, Inc. | NYSE:ARG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 142.95 | 0 | 01:00:00 |
From Apr 2019 to Apr 2024
Air Products & Chemicals Inc. said Tuesday that it won't seek to break up Airgas Inc.'s $10.3 billion pact to sell itself to France's Air Liquide SA.
Air Products Chief Executive Seifi Ghasemi said at a conference that the company "will not pursue a bid to acquire Airgas." Mr. Ghasemi also backed the company's guidance for $7.25 to $7.50 a share in earnings for 2016 on a continuing-operations basis.
Air Products had chased Airgas for most of 2010 before being ultimately rebuffed after a Delaware court upheld Airgas's so-called poison-pill shareholder rights plan. At the time, Airgas said it was holding out for a price of at least $78 per share.
In November, Airgas agreed to sell itself to Air Liquide SA in a deal valued at $143 a share.
Air Products shares were up 0.9% in midday trading, while Airgas shares ticked up 0.2%.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
December 01, 2015 13:45 ET (18:45 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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