Air Products Seeks To Acquire Airgas In $7B Deal

Law360, New York (February 5, 2010, 3:34 PM EST) -- Air Products and Chemicals Inc. announced a proposal Friday to acquire Airgas Inc. in an all-cash deal valued at $7 billion, a day after Air Products filed a suit against Airgas' board of directors for failing to consider previous offers.

Air Products filed its lawsuit Thursday in the Court of Chancery of the State of Delaware, accusing Airgas' board of directors of breach of fiduciary duty. It seeks to compel Airgas to consider the latest offer.

Air Products says the combined company would be the largest...
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