Volume 88 Issue 36 | p. 30 | Concentrates
Issue Date: September 6, 2010

Airgas, Air Products Fight In Court

Department: Business
Keywords: Hostile takeover, annual meeting, proxy fight

Airgas has sent a letter to the Delaware Court of Chancery arguing that attempts by Air Products & Chemicals to amend Airgas’ bylaws through a vote at a Sept. 15 Airgas shareholder meeting is against both Delaware law and Airgas’ certificate of incorporation. Air Products, which has made a hostile offer to buy Airgas for $63.50 per share, has nominated three directors for Airgas’ board; it wants to push up Airgas’ . . .

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