Airgas Inc. (ARG) announced that its Board has unanimously determined that the unsolicited proposal from Air Products & Chemicals Inc. (APD), very significantly undervalues Airgas and its future prospects and is not in the best interests of Airgas stockholders. The Board rejected the Air Products' proposal after a thorough review and reached its decision after careful consideration with the assistance of its independent financial and legal advisors, the company said. In making its determination that Air Products' February 5, 2010, proposal and its previously rejected $62 per share proposal grossly undervalue Airgas.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.