Following the sensational news that Air Products has made a renewed attempt to acquire fellow US gases distributor Airgas Inc., what affect will this have on the North American gases business?
The proposed deal, which is still in its infancy, is undoubtedly the biggest development in our industry so far this year. It also injects a dose of confidence or optimism into an expectedly more positive 2010.
In a nutshell, Air Products has made an offer to acquire Airgas for $60.00 per share in cash – which represents a deal worth around $7bn in total.
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