Air Products Makes 'Best And Final' Offer For Airgas

Law360, New York (December 9, 2010, 6:27 PM EST) -- Air Products and Chemicals Inc. has raised the offer in its hostile takeover bid for rival gas distributor Airgas Inc. to $70 per share, but the price still falls short of the minimum demanded by Airgas' chairman.

Air Products Chairman John McGlade said Thursday that the raise represented his company's “best and final” offer in the duo's protracted battle.

“We are more than a year into this process, and the majority of the Airgas board has made it clear that they do not intend to negotiate...
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