Issue Date: September 20, 2010
Air Products Wins Airgas Proxy Fight
Air Products & Chemicals’ hostile $65.50-per-share bid to take over industrial gas distributor Airgas gained momentum last week at Airgas’ annual meeting of shareholders. The three directors that Air Products nominated to Airgas’ board were elected. Three Airgas directors, including founder, Chairman, and CEO Peter McCausland, were ousted. In addition, Airgas shareholders approved Air Products’ proposal to push up the date of the next shareholder meeting from June—as Airgas had planned—to . . .
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