Sensational news from the US, where major industrial gases player Air Products is making the first moves in an attempt to acquire fellow gas & equipment company Airgas Inc.
We can report that 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.
Airgas has confirmed the approach with a resolute response of its own, however. In a statement released later today, the company confirmed receipt of the ‘unsolicited proposal’ and noted that its Board of Directors will 'review the proposal with its financial and legal advisors'.
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