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Air Products Extends Offer To Acquire Airgas
2010-12-01 17:42

Posted: 7:34 pm EST November 30, 2010

     Lehigh Valley based Air Products is buying more time in its bid to acquire rival Airgas.

Air Products has extended the expiration date of its offer for Airgas by 10 business days.

 The offer, which values airgas at $65.50 per share, was set to expire Friday.

 Last week, the Delaware Supreme Court sided with Airgas in a dispute that would have favored a takeover.

 Air Products appealed and it says this latest move is meant to give the court more time to consider its challenge.

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