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Air Products Stock Jumps as Activist Investor Pushes Strategy Shift
The gains followed reports that activist investor Mantle Ridge has purchased a large stake in the company and intends to push for strategic changes.
Air Products surges amid reported activist stake, prompts several Street upgrades
Air Products (NYSE:APD) rose 7.5% in premarket trading after a report Friday that investor Mantle Ridge has accumulated a more than $1 billion stake in the industrial gas maker. Mantle Ridge, which is helmed by Paul Hilal,
Air Products stock surges following report of firm's $1 billion-plus stake
LOWER MACUNGIE TWP., Pa. - Shares of Air Products (NYSE: APD) were surging at midday Monday, following reports that Mantle Ridge has built a more than $1 billion stake in the industrial gas company.
Activist Mantle Ridge takes stake in Air Products, to push for changes
Mantle Ridge built a position in Air Products and Chemicals and wants the industrial gas manufacturer to cut costs, focus on its core businesses and pave the path for a new leader, people familiar with the matter said on Friday.
Activist Investor Mantle Ridge Holds Over $1 Bln Stake In Air Products, Aiming For Improvement
Activist investor Mantle Ridge held a stake of over $1 billion in Air Products and Chemicals Inc. (APD) and plans to advocate for
Activist Mantle Ridge Has Over $1 Billion Stake in Air Products
Mantle Ridge, run by Paul Hilal, plans to push executives at the industrial gas manufacturer on succession planning for Chief Executive Seifi Ghasemi and for improvements to the company’s strategy and capital allocation,
Activist firm Mantle Ridge has $1 billion-plus stake in Air Products
Air Products shares are badly underperforming the S&P 500 for a second straight year, and the company has suffered from leadership upheaval.
Air Products gains after report activist Mantle Ridge has $1B stake
Air Products (NYSE:APD) rose 2.7% in after hours trading after a report that activist investor Mantle Ridge has accumulated a more than $1 billion stake in the industrial gas maker. Mantle Ridge has been building its position in Air Products since March,
1d
on MSN
Air Products Stock Is Surging. Here’s Why.
Shares of the industrial gas seller are rising after a media report says an activist investor has built a stake of more than ...
The Advocate
4d
‘I am begging you, do not approve this': Air Products plant faces opposition at LDEQ hearing
More than 200 people attended a Louisiana Department of Environmental Quality hearing on a proposed permit for an Air ...
1d
Air Products and Chemicals: A Buy Rating on Strategic Overhaul and Hydrogen Market Positioning
Air Products and Chemicals (APD) has received a new Buy rating, initiated by BMO Capital analyst, John McNulty. John McNulty has given his Buy ...
20h
The ‘iPhone Of Air Conditioners’ Brand Debuts A Sexy Air Purifier
Air filters aren’t the sexiest of appliances. The family-run air conditioner startup Windmill hopes to change all that.
Hydrogen Fuel News
2d
Air Products Pioneers Green Hydrogen Production in Massena, N.Y.
Air Products Role in the Green Energy Shift Air Products, founded in 1940, has established itself as a leader in the ...
1d
Buy Rating on Air Products and Chemicals (APD) Amid Activist Involvement and Leadership Optimizations
In a report released today, Patrick Cunningham, CFA from Citi reiterated a Buy rating on Air Products and Chemicals (APD – Research ...
4d
Keep your home cool with the best air conditioner brands of 2024
Cool down when the weather gets hot with our top air conditioner brands for 2024, including Lennox, Trane and more.
1h
Score up to 46% off air purifiers with the best October Prime Day deals
An air purifier adds an extra layer of protection to your indoor space, giving a better safeguard when it comes to dust, ...
Rigzone
6d
Honeywell Completes $1.81B Acquisition of Air Products' LNG Solutions Unit
Honeywell's full-service solution now provides customers a holistic offering that encompasses natural gas pre-treatment, ...
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