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02/10/2010 12:23:29 PM EST

Airgas board rejects Air Products' buyout offer

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Corporate & Securities Law Community Staff

RADNOR, Pa.- (AP) Industrial gas supplier Airgas Inc. on Tuesday rejected the unsolicited $5 billion buyout bid from larger rival Air Products and Chemicals Inc. calling it a "bargain basement price."

In a letter to Air Products CEO John McGlade, Airgas said the $60 per share offer, as well as an earlier bid. . .

 

 

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