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Tuesday, January 25, 2011

Airgas defends poison pill in far-reaching case, (NYSE: APD), (NYSE: ARG)

Air Products & Chemicals Inc (APD.N) took its year-long, $5.9 billion fight for Airgas Inc (ARG.N) back to court on Tuesday in a case that could shape the way big hostile takeovers are carried out. Air Products wants a Delaware judge to sweep away Airgas's legal defenses and allow it to buy the company for $70 per share. [ID:nN09252192] A takeover would transform Air Products into a dominant North American supplier of industrial gases, which are used in hospitals, factories and by welders.

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