Following a hostile takeover bid five years ago by Air Products and Chemicals Inc. and a drawn-out poison pill defense, industrial gas distribution giant Airgas Inc. has secured a deal to be acquired by Paris-based Air Liquide S.A. for $10.3 billion.
Announced Tuesday, the deal will see Air Liquide pay 75 percent more to shareholders of Radnor, Pennsylvania-based Airgas than they would have received from Air Products back in 2010, as noted earlier this week by The Am Law Daily. Including debt, the current deal is valued at $13.4 billion.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
