Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Air Products spars with takeover target

by Jean-François Tremblay
February 20, 2017 | A version of this story appeared in Volume 95, Issue 8

In a letter to the management of China’s Yingde Gases, Air Products & Chemicals complains it is not able to audit the company ahead of the acquisition of Yingde that Air Products proposed last month. Instead, Air Products notes, Yingde has “placed obstacles in the path of our beginning the diligence process.” Air Products is also vexed by a gag order, requested by Yingde, that would prevent the U.S. firm from discussing the acquisition with its shareholders. A Yingde press release claiming that the two companies are working closely on the proposed acquisition prompted Air Products’ letter.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.