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Air Products and Chemicals Inc (APD.N)

APD.N on New York Stock Exchange

151.25USD
11:02am EDT
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$-0.28 (-0.18%)
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$151.53
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$151.16
Volume
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$151.95
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Latest Key Developments (Source: Significant Developments)

Air Products to sell performance materials division to Evonik for $3.8 billion
Friday, 6 May 2016 07:39am EDT 

Air Products And Chemicals Inc : Air products to sell performance materials division of its materials technologies segment to evonik for $3.8 billion . Also intends to spin-off electronic materials division to shareholders as separate public company, called versum materials . Says will continue to evaluate whether debt and equity market conditions are favorable for a tax-free spin-off . Says evonik intends to continue to run pmd from allentown, pennsylvania . Sale of pmd is expected to close before end of 2016 . Intends to spin-off electronic materials division of its materials technologies segment to shareholders as versum materials . On track to separate emd by end of september 2016 . Currently intend to spin-off emd as a new, world-class public company named versum materials . Deal price to be paid in cash .Guillermo novo will be ceo of new company, and ghasemi will be non-executive chairman of versum materials.  Full Article

Evonik sees deal for Air Products unit EPS accretive in 2017
Friday, 6 May 2016 07:27am EDT 

Evonik Industries AG : Evonik acquires specialty & coating additives business of air products . Says it is expected that acquisition will be EPS accretive for Evonik in 2017 business year . Says combined specialty & coating additives business has a turnover of around 3.5 billion euros, an attractive EBITDA margin of more than 20 pct . Financing half with company's own funds and half with additional debt .Will maintain a strong balance sheet and continues to aim for a solid investment grade rating after transaction.  Full Article

Air Products and Chemicals Inc gives FY 2016 EPS guidance; gives Q1 2016 EPS guidance below estimates
Thursday, 29 Oct 2015 06:00am EDT 

Air Products and Chemicals Inc:Expects FY 2016 EPS in the range of $7.25-$7.50.Expects Q1 2016 EPS in the range of $1.65-$1.75.FY 2016 EPS of $7.45 - Thomson Reuters I/B/E/S.Q1 2016 EPS of $1.79 - Thomson Reuters I/B/E/S.  Full Article

Air Products and Chemicals Inc building helium plant for RasGas Company Ltd
Wednesday, 28 Oct 2015 09:00am EDT 

Air Products and Chemicals Inc:Says building helium plant for RasGas Company Ltd.Says Air Products will supply to RasGas Company Ltd, the helium licensor package equipment for the new Helium 3 plant to be located at the Barzan facility in Ras Laffan Industrial City, Qatar.  Full Article

Air Products and Chemicals Inc and Kiewit team up to pursue smaller-sized LNG projects in north america
Tuesday, 27 Oct 2015 10:15am EDT 

Air Products and Chemicals Inc and Kiewit:Jointly announced an agreement in which the two companies will work together to pursue smaller-sized LNG projects in North America.Two companies will seek project opportunities for the production of up-to-500,000 gallons per day of liquefied natural gas.Prior to signing the current agreement, the two companies won an LNG project working together, for which Air Products will supply its LNG liquefaction and storage technology to Kiewit, who will be responsible for overall engineering and construction of the facility.Single production train will be capable of producing approximately 235,000 GPD of LNG for an LNG peakshaver facility in the United States.Air Products' supplied LNG technology and equipment for that project is to be operational in 2017.  Full Article

Air Products and Chemicals Inc wins hydrogen supply agreement for Pallas' Texas Project
Thursday, 22 Oct 2015 02:30pm EDT 

Air Products and Chemicals Inc:Announces that it has signed a long-term hydrogen supply agreement with Pallas Nitrogen Texas, LLC.Air Products will supply 44 million standard cubic feet per day of hydrogen from its existing Gulf Coast Pipeline (GCP) to Pallas.Supply is to begin in mid-2016 when Pallas begins ammonia production operations at their plant.  Full Article

German stocks - Factors to watch on September 18

FRANKFURT, Sept 18 The following are some of the factors that may move German stocks on Monday: