Air Products Pumps Up Hostile Bid For Airgas

Law360, New York (July 8, 2010, 6:00 PM EDT) -- Air Products & Chemicals Inc. said Thursday that it was sweetening the price it is willing to pay for outstanding shares of its rival Airgas Inc. to $63.50 per share — or about $5.5 billion — from $60 per share, raising the stakes in its hostile takeover attempt.

Airgas issued an almost-immediate response Thursday afternoon, saying it would review the revised tender offer to determine the best course of action for the company and its stockholders. The Airgas board of directors has considered and rejected prior...
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