Following Air Products revised tender offer to purchase all outstanding Airgas shares, Airgas is reviewing the situation.
After Air Products announced a revised tender offer to acquire outstanding Airgas, Inc shares for $70.00 per share in cash.
In a press statement, Airgas stated, “Consistent with its fiduciary duties and as required by applicable law, the Airgas Board of Directors will review the revised tender offer to determine the course of action that it believes is in the best interests of the Company and its stockholders. Airgas stockholders are advised to take no action at this time pending the review of the revised offer by the Airgas Board of Directors.”
Bank of America Merrill Lynch and Goldman, Sachs & Co. are serving as financial advisors, and Wachtell, Lipton, Rosen & Katz is serving legal counsel to Airgas and its Board of Directors.