Air Products Extends $5.1B Bid For Reluctant Airgas

Law360, New York (June 3, 2010, 3:07 PM EDT) -- Air Products and Chemicals Inc. has again extended the expiration date of its $5.1 billion hostile takeover bid for all outstanding common shares of rival Airgas Inc., which in turn has reiterated its opposition to the $60-per-share tender offer.

The move extends the deadline for the offer and withdrawal rights by two months to Aug. 13, Air Products said in a statement Tuesday. Air Products had previously extended the offer from April 9 to June 4.

As of Tuesday, approximately 15,981 shares of Airgas common stock...
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