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Fly News Breaks for November 18, 2015
PX, ARG, APD
Nov 18, 2015 | 06:50 EDT
Deutsche Bank analyst David Begleiter believes Air Liquide's $143 per share offer to acquire Airgas (ARG) represents a fair purchase price. A higher bid from either Praxair (PX) or Air Products (APD) is unlikely due to greater regulatory risk and a lack of synergies, Begleiter tells investors in a research note. He keeps a Hold rating on Airgas.
News For ARG;PX;APD From the Last 2 Days
APD
Nov 20, 2017 | 10:58 EDT
Air Products announced that it has signed a second long-term oxygen and nitrogen supply contract with a leading global materials supplier in the province. The latest supply contract will further strengthen Air Products' strong position in this strategic industrial base, as well as the relationship with this global customer. Under the new contract, Air Products will build two sets of state-of-the-art cryogenic air separation plants in Guangdong to produce both gaseous oxygen and nitrogen. The new plants are scheduled to come on-stream in 2018. Together with an existing plant, which started-up earlier this year and was the company's first of its kind built in China, Air Products will significantly increase gas supply capacity for the customer.
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