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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.
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