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Air Products and Chemicals Inc (APD)

APD on New York Consolidated

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24 Mar 2017
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Fri, Mar 24 2017

Air Products drops $1.5 billion bid for China's Yingde Gases

HONG KONG Air Products and Chemicals Inc said on Friday it would drop a proposed $1.5 billion bid for China's largest producer of industrial gases, leaving the door open for a competing offer from Hong Kong-based private equity firm PAG.

Air Products drops $1.5 bln bid for China's Yingde Gases

HONG KONG, March 24 Air Products and Chemicals Inc said on Friday it would drop a proposed $1.5 billion bid for China's largest producer of industrial gases, leaving the door open for a competing offer from Hong Kong-based private equity firm PAG.

BRIEF-Air Products and Chemicals-Determined "not in best interests of cos' shareholders to continue" pursuing acquisition of Yingde Gases Group

* Air Products and Chemicals-determined "not in best interests of cos' shareholders to continue" pursuing acquisition of Yingde Gases Group at this time Source text:(http://bit.ly/2n0W9Tz) Further company coverage:

UPDATE 1-Evonik buys cosmetic ingredients maker Dr. Straetmans

* Follows purchase of Air Products unit (Adds confirmation from target company, background)

Air Products' Chinese bid deserves to fly

HONG KONG (Reuters Breakingviews) - Air Products' bid for Yingde Gases deserves to fly. The U.S. giant has been stuck in a bizarre battle over the Hong Kong-listed company, which it wants to buy for up to $2.8 billion including debt. The target's board finally seems to be seeing sense. Bravo: the suitor is ready to pay a fair EBITDA multiple and a fat premium for shareholders.

BRIEF-Air Products posts Q1 adj. earnings $1.47/shr from continuing operations

* Air Products reports strong fiscal 2017 first quarter results

BRIEF-Air Products increases quarterly dividend by 10 percent to $0.95 per share

* Increases quarterly dividend by 10 percent to $0.95 per share Source text for Eikon: Further company coverage:

BRIEF-Air Products, Grupa Azoty Zakady Azotowe Kdzierzyn S.A. sign new contract for supply of industrial gases

* Air products and Grupa Azoty Zakady Azotowe Kdzierzyn S.A. sign new contract for the supply of industrial gases

BRIEF-Air Products And Chemicals to build a new air separation unit in Ulsan, South Korea

* Air products and chemicals inc says it will build a new large air separation unit (lasu) in ulsan, south korea

BRIEF-Air Products wins multiple gases supply contract from Chemours

* Air products wins Chemours contract for multiple gases supply

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