Hints and tips:
...However, Air Liquide’s US subsidiary Airgas asked the court to ban Carlyle from “engaging in competition, or assisting any other party to compete” with its business, which supplies gases and welding equipment...
...Mr Collins said the longest process could be in the US, where it took some nine months for Air Liquide to receive approval to buy Airgas last year....
...Akzo, meanwhile, is trying to fend off PPG’s interest by proposing to spin off its specialty chemicals business....
...Together they would hold a 40 per cent share of the industrial gases market, giving them a clear edge over Air Liquide, which has a 28 per cent share after concluding a takeover of another competitor Airgas...
...In everything from agribusiness to industrial gases, a wave of megadeals have brought companies with complementary products and geographic reaches together. ——————- Further coverage of PPG/Akzo Nobel bid...
...Talks between the Munich-based group and US company come less than a year after France’s Air Liquide agreed to acquire Airgas, its American rival, for about $13.4bn....
...Elsewhere in the global chemicals sector, Air Liquide announced in November a $13.4bn deal for Airgas of the US, which would make the French company the world’s biggest supplier of industrial gases including...
...Linde for its part employs more than 65,000 workers and specialises in selling compressed and liquefied gases for use in steel and glass production; chemical and food processing; and welding among others...
...There is no doubt that the offer looks attractive for Airgas shareholders. At $143 in cash per share, it is at a 51 per cent premium to the average Airgas share price over the past month....
...Pennsylvania-based Airgas, which distributes packaged gases and supplies associated products and services, derived more than 98 per cent of its revenue from the US last year....
...French rival Air Liquide is bulking up in the US by acquiring Airgas for $13.6bn in cash. Linde, rather than doubling down on industrial customers, is building its healthcare business....
...Airgas will also strengthen Air Liquide’s operations in the unglamorous but steady and cash-generative business of distributing gases in cylinders....
...The acquisition follows a failed $5.9 billion hostile bid for U.S. gas distributor Airgas Inc. (ARG) that ended in February 2011....
...Airgas delivers industrial and medical gases to small businesses while Air Products serves larger industrial customers in the metals and pharmaceutical sectors with gases such as argon and nitrogen through...
...Air Products, the US industrial gases company, has withdrawn its $5.9bn bid for Airgas after a Delaware court issued a ruling dismissing its efforts to overcome its rival’s anti-takeover protections, reports...
...The industrial gases company has been fighting off Air Products for almost a year and maintains that its suitor’s latest $70-a-share offer, which values Airgas’ equity at $5.9bn, remains inadequate....
...Airgas, another industrial gases company also based in Pennsylvania, specialises in deliveries of smaller volumes of gases, often in canisters, while Air Products sells in bulk to large industrial customers...
...gases company....
...But this week promises one such juncture as a Delaware court assesses the latest legal battle in the year-long hostile takeover attempt by Air Products of its industrial gases rival Airgas....
...Airgas delivers industrial and medical gases to small businesses while Air Products serves larger industrial customers in the metals and pharmaceutical sector with gases such as argon and nitrogen through...
...Air Products, the US industrial gases company, on Thursday increased its hostile offer for rival Airgas in a bid to firm up shareholder support ahead of a key vote....
...After twice failing to do it the easy way, industrial gases provider Air Products is huffing and puffing to win control of US rival Airgas....
...delivers industrial and medical gases in smaller cylinders, to smaller businesses....
...Cooper Industries, the wrench maker, suffered further from news that it would be replaced by Airgas, the maker of industrial gases, on the S&P 500....
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