If terse, irate letters (pdf) between the top lawyer for Airgas and partners at Cravath, Swaine & Moore are any indication, the legal fight over the firm’s role in a multibillion-dollar takeover attempt of its former client could get uglier.
“The ongoing battle between the blue-chip firm and the industrial gas company began on Feb. 5, the same day Air Products & Chemicals, Inc. announced an unsolicited $5.1 billion offer to buy Airgas, its smaller rival. Air Products filed suit that day in Delaware Chancery Court, saying the CEO of Airgas was blocking the company’s board from considering takeover offers.
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