Mantle Ridge Sends Open Letter to Air Products and Chemicals, Inc. Shareholders and Employees

Mantle Ridge LP, which, together with its affiliates (collectively, "Mantle Ridge"), beneficially owns approximately $1.3 billion of the outstanding common shares of Air Products and Chemicals, Inc. (NYSE: APD) ("Air Products" or the "Company"), today sent a letter to the Company's shareholders and employees addressing frequently asked questions it has received regarding its nomination of four highly qualified director candidates – Andrew Evans, Paul Hilal, Tracy McKibben, and Dennis Reilley – t

Yahoo | January 10, 2025

Air Products and Chemicals Faces Criticism From Proxy Advisory Glass Lewis, Shareholder Mantle Ridge

Air Products and Chemicals (APD) faced a call for change at the company by a proxy advisor firm Glas

Yahoo | January 10, 2025

LEADING PROXY ADVISORY FIRM GLASS LEWIS RECOMMENDS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS VOTE "FOR" ALL FOUR MANTLE RIDGE DIRECTOR NOMINEES ANDREW EVANS, PAUL HILAL, TRACY MCKIBBEN, AND DENNIS REILLEY

Mantle Ridge LP, which, together with its affiliates (collectively, "Mantle Ridge"), beneficially owns approximately $1.3 billion of the outstanding common shares of Air Products and Chemicals, Inc. (NYSE: APD) ("Air Products" or the "Company"), today announced that Glass Lewis & Co. ("Glass Lewis"), a leading independent proxy advisory firm, has recommended that Air Products shareholders vote "FOR" the election of all four of Mantle Ridge's highly qualified director nominees – Andrew Evans, Pau

Yahoo | January 10, 2025

Activist investor pushes for new leadership, board overhaul at Air Products

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Glass Lewis recommends Air Products investors back all of Mantle Ridge's board candidates

NEW YORK (Reuters) -Proxy advisory firm Glass Lewis on Thursday recommended that Air Products and Chemicals investors elect all four of Mantle Ridge's board candidates, lending support to the activist investor in the year's first big board challenge. Mantle Ridge argues the industrial gases company needs to lay out a succession plan for its octogenarian CEO Seifi Ghasemi, who has served at the helm for a decade, allocate its capital differently and scale back on risky projects. It said its four candidates, including the hedge fund's founder, Paul Hilal, would ensure greater order on the board.

Yahoo | January 9, 2025

Air Products Sends Letter to Shareholders Correcting Mantle Ridge's Falsehoods and Misleading Claims

Air Products' (NYSE:APD) Board of Directors today sent a letter to shareholders in connection with its upcoming 2025 Annual Meeting of Shareholders (the "Annual Meeting"), which will be held at 8:30 a.m. U.S. Eastern Time on January 23, 2025. All Air Products shareholders of record as of the close of business on November 27, 2024 will be entitled to vote at the Annual Meeting. The letter is available at voteairproducts.com.

Yahoo | January 9, 2025

It's Time for a Fresh Start at Air Products: Mantle Ridge Sends Letter to Air Products and Chemicals, Inc. Shareholders

Mantle Ridge LP, which, together with its affiliates (collectively, "Mantle Ridge"), beneficially owns approximately $1.3 billion of the outstanding common shares of Air Products and Chemicals, Inc. (NYSE: APD) ("Air Products" or the "Company"), today sent a letter to the Company's shareholders highlighting the critical sector expertise, value creation ability, and extensive public company CEO, CFO, and Board leadership experience of its four highly qualified, independent director nominees – And

Yahoo | January 9, 2025

Air Products and Chemicals Pours Cold Water on Activist Investor Mantle Ridge's CEO, Chair Nominations

Air Products and Chemicals (APD) said late Wednesday that its shareholder Mantle Ridge's proposed no

Yahoo | January 9, 2025

Air Products' Board of Directors Issues Response to Mantle Ridge

Air Products' (NYSE:APD) Board of Directors today issued the following statement in response to Mantle Ridge's Shareholder letter, issued today:

Yahoo | January 8, 2025

Mantle Ridge Issues Shareholder Letter Outlining the Path Forward for Air Products and Chemicals, Inc.

Mantle Ridge LP, which, together with its affiliates (collectively, "Mantle Ridge"), beneficially owns approximately $1.3 billion of the outstanding common shares of Air Products and Chemicals, Inc. (NYSE: APD) ("Air Products" or the "Company"), today sent a letter to the Company's shareholders outlining its detailed plan to help Air Products improve from a laggard to a leader within the industrial gases industry, and reiterating its belief that the election of its four superbly qualified, indep

Yahoo | January 8, 2025