Notable Mergers and Acquisitions of the Day 02/05: APD/ARG

Courtesy StreetInsider.com News Articles  Fri, 02/05/2010 - 09:47
  • Air Products (NYSE: APD) made an offer to acquire Airgas, Inc. (NYSE: ARG) for $60.00 per share in cash.

    The offer was made in a letter to Airgas' Board of Directors yesterday after the CEOs of the two companies had previously discussed Air Products' interest in acquiring Airgas and after Air Products had made two written offers, and these offers and Air Products' requests to discuss them were rejected by Airgas.

    At $60.00 per share, the offer provides a 38%...
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