Airgas, Inc. today announced that its Board of Directors, after careful consideration with its independent financial and legal advisors, has unanimously rejected the revised unsolicited tender offer from Air Products.
Air Products recently reiterated its desire to reach a conclusion in the long-running takeover situation, with a revised tender offer to acquire all outstanding common shares of Airgas at a price of $70.00 per share in cash.
The Airgas Board has now rejected the offer and unanimously recommends that Airgas stockholders NOT tender their shares into Air Products’ revised offer.
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