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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 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.
Air Products Stock Rises After WSJ Report on Mantle Ridge Investment
Shares of industrial gas manufacturer Air Products rose about 5% in postmarket trading after the Wall Street Journal reported that activist investor Mantle Ridge had built a stake worth more than $1 billion in the company.
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 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 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,
11h
on MSN
Air Products Stock Is Top Performer in S&P 500. 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 ...
15h
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 ...
The Advocate
2d
‘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 ...
Hydrogen Fuel News
19h
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 ...
Benzinga.com
17h
Forecasting The Future: 10 Analyst Projections For Air Products & Chemicals
Analysts' ratings for
Air
Products
& Chemicals APD over the last quarter vary from bullish to bearish, as provided by 10 ...
15h
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 ...
3d
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.
Live Science
17h
Breathe easier with $150 off this BlueAir Protect 7470i Prime Day air purifier deal
The BlueAir Protect 7470i claims to remove up to 99% of pollutants including dust, pet dander, smoke and much more, ...
Hosted on MSN
6d
Air Products Completes Sale of LNG Business to Honeywell for $1.81B
Air Products & Chemicals Inc. APD announced the completion of the divestment of its liquefied natural gas (LNG) process ...
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