In a statement, Air Products has condemned Airgas' dismissal of the revised tender bid to purchase outstanding Airgas shares.
Air Products has released a statement responding to Airgas, Inc.’s fiscal 2011 second quarter earnings and letter to Air Products’ CEO.
The recent statement reiterated Air Products’ assessment of Airgas and stood-by the company’s most recent bid revision, to purchase remaining shares for $65.50. The North American Firm remarked:
“There is nothing in the Airgas earnings or letter that changes our view of value. It is time for the Airgas Board either to negotiate with us or terminate the Company’s poison pill and let Airgas shareholders decide for themselves.”