Air Products Clears Hurdle To Airgas Buy | August 23, 2010 Issue - Vol. 88 Issue 34 | Chemical & Engineering News
Volume 88 Issue 34 | p. 17 | Concentrates
Issue Date: August 23, 2010

Air Products Clears Hurdle To Airgas Buy

Department: Business
Keywords: Hostile takeover, tender offer, FTC, air separation, bulk gases

Air Products & Chemicals hasn’t gotten the board of Airgas to go along with its hostile takeover attempt, but it has been assured of clearance from the Federal Trade Commission. The staff of FTC has issued a consent decree permitting Air Products to consummate the deal if it sells off Airgas’ businesses in bulk and on-site supply of atmospheric gases. Because Air Products specializes in such operations and Airgas focuses on . . .

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