Airgas Takeover Fight Disappoints Hedge Funds
Hedge funds have a big say in the Air Products–Airgas fight, enabling Airgas to get the best possible price.
Stephen Taub
December 17, 2025
Peter McCausland, chief executive officer of Airgas Inc., poses at the company's headquarters building in Radnor, Pennsylvania, U.S., in this handout photo taken on Jan. 24, 2007. Air Products & Chemicals Inc., which last week boosted a hostile takeover bid for Airgas Inc to $5.5 billion, said some Airgas investors advised that the target company "indicated a willingness to negotiate a deal." Photographer: Jim Graham/Airgas Inc. via Bloomberg EDITOR'S NOTE: NO SALES. EDITORIAL USE ONLY.
Jim Graham/Via Bloomberg
