Saga update- Airgas remains firm


Airgas files preliminary proxy materials after annual general meeting.

In a recent press release, Airgas’ Board of Directors ‘unanimously’ recommended stockholders vote for the three company chosen nominees; W.Thacher Brown, Richard C. III and Peter McCausland.

Airgas commented, “We believe that the Air Products offer significantly undervalues Airgas and that the Air Products nominees have been selected and paid by Air Products to facilitate the transfer of Airgas’ inherent value to Air Products at a grossly inadequate price.”

In the statement, Airgas also remarked, “Our nominees are proud to stand on their record. Airgas has employed a discipline and highly successful approach to steadily growing revenue, EBITDA and shareholders equity, and this approach has delivered outstanding returns for the Company’s stockholders.”

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