Air Products Says Airgas Talks Were In Bad Faith

Law360, New York (November 11, 2010, 5:11 PM EST) -- Air Products and Chemicals Inc. has turned up the heat in its $5.5 billion hostile bid for rival Airgas Inc., accusing Airgas of using a recent meeting to provide ammunition for a related court case rather than engage in good-faith negotiation.

In a letter to Airgas Chairman John van Roden filed with the U.S. Securities and Exchange Commission on Wednesday, Air Products Chairman John McGlade objected to Airgas' bid to use the meeting transcripts to bolster its defense in Air Products' Delaware Chancery Court suit over...
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