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Air Products and Chemicals, Inc. (AP3.DE)
- Reuters
D.E. Shaw throws support to Mantle Ridge in Air Products board fight
NEW YORK (Reuters) -Hedge fund D.E. Shaw shifted course in its campaign for change at industrial gases company Air Products and Chemicals and is now supporting a rival activist's efforts instead of pressing ahead with its own board challenge, sources familiar with the matter said on Thursday. D.E. Shaw no longer plans to nominate a slate of directors to the company's board and will support the campaign launched by Mantle Ridge, the activist firm run by Paul Hilal, the people said. Earlier this month, each fund said separately that the company needs new directors on the board, a succession plan for its octogenarian CEO Seifi Ghasemi, should allocate its capital differently and scale back on risky projects.
- Simply Wall St.
Air Products and Chemicals Insider Ups Holding During Year
From what we can see, insiders were net buyers in Air Products and Chemicals, Inc.'s ( NYSE:APD ) during the past 12...
