We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Airgas Ruling May Spark New Tactics On Poison Pills

Law360 (February 16, 2011, 8:32 PM EST) -- While Tuesday’s ruling upholding Airgas Inc.’s use of a poison pill fell in line with established case law and was not the game-changer some expected, it provided clarity on a board’s ability to maintain a pill for the long haul and may spur shareholders to attack a pill by other means, experts say.

Air Products and Chemicals Inc. withdrew its $5.8 billion hostile bid for Airgas immediately after Chancellor William B. Chandler III handed down his decision in the Delaware Court of Chancery, ending the yearlong...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.