Air Products gains
Activist Mantle Ridge Has Over $1 Billion Stake in Air Products
Mantle Ridge, run by Paul Hilal, plans to push executives at the industrial gas manufacturer on succession planning for Chief Executive Seifi Ghasemi and for improvements to the company’s strategy and capital allocation,
Air Products gains after report activist Mantle Ridge has $1B stake
Air Products (NYSE:APD) rose 2.7% in after hours trading after a report that activist investor Mantle Ridge has accumulated a more than $1 billion stake in the industrial gas maker. Mantle Ridge has been building its position in Air Products since March,
Activist Mantle Ridge takes stake in Air Products, to push for changes
Mantle Ridge built a position in Air Products and Chemicals and wants the industrial gas manufacturer to cut costs, focus on its core businesses and pave the path for a new leader, people familiar with the matter said on Friday.
Air Products Stock Rises After WSJ Report on Mantle Ridge Investment
Shares of industrial gas manufacturer Air Products rose about 5% in postmarket trading after the Wall Street Journal reported that activist investor Mantle Ridge had built a stake worth more than $1 billion in the company.
Activist Investor Mantle Ridge Holds Over $1 Bln Stake In Air Products, Aiming For Improvement
Activist investor Mantle Ridge held a stake of over $1 billion in Air Products and Chemicals Inc. (APD) and plans to advocate for
Activist firm Mantle Ridge has $1 billion-plus stake in Air Products
Air Products shares are badly underperforming the S&P 500 for a second straight year, and the company has suffered from leadership upheaval.
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