Airgas, Inc. (NYSE:ARG) has rejected an unsolicited proposal from Air Products & Chemicals, Inc. (NYSE:APD). The proposal was announced on February 5, 2010. The proposal was rejected because it undervalues the company and its prospects, and is not in the best interest of the company and its stockholders. The decision was reached after a thorough review and careful consideration. Independent financial and legal advisors aided in the decision.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
Airgas, Inc. (Airgas) and subsidiaries is a distributor of industrial, medical and specialty gases (delivered in packaged or cylinder form), and hardgoods, such as welding equipment and supplies. Airgas is a producer of nitrous oxide in the United States, the liquid carbon dioxide producer in the Southeast, the producer of atmospheric merchant gases in North America and a distributor of process chemicals, refrigerants, and ammonia products. The Company has two operating segments: Distribution and All Other Operations. The Distribution business segment engages in the distribution of industrial, medical and specialty gases and hardgoods, and in the production of gases primarily to supply the regional distribution companies. The All Other Operations business segment consists of six business units, which primarily manufacture and distribute carbon dioxide, dry ice, nitrous oxide, ammonia and refrigerant gases. In November 2009, the Company acquired the assets and operations of Tri-Tech.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
