Mantle Ridge LP, which, together with its affiliates, beneficially owns approximately $1.3B of the outstanding common shares of Air Products (APD) and Chemicals, sent a letter to the company’s shareholders detailing significant omissions, obfuscations, and misleading claims from Air Products’ incumbent leadership regarding its own performance, strategy, and key projects. The letter urges shareholders to vote the BLUE Proxy Card “FOR” Mantle Ridge’s Four Highly Qualified Director Nominees and “WITHHOLD” on the company Nominees Charles Cogut, Lisa Davis, Seifollah “Seifi” Ghasemi and Edward Monser.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APD:
- Treasury releases final rules for clean hydrogen production tax credit
- D.E. Shaw releases open letter to directors of Air Products
- U.S. to release hydrogen production tax credit guidance this week, Reuters says
- Air Products price target raised to $375 from $365 at Evercore ISI
- Mantle Ridge says ‘urgent need for change’ on Air Products’ board