Air Products withdraws $5.9bn Airgas bid
Air Products, the US industrial gases company, has withdrawn its $5.9bn bid for Airgas after a Delaware court issued a ruling dismissing its efforts to overcome its rival's anti-takeover protections, reports the FT. In December, Air Products raised its bid to $70 a share in a push to conclude its protracted takeover battle.
Air Products is extending its offer to acquire rival Airgas.