Air Products and Chemicals (APD) have been the center of attention recently. The company's stock holdings increased while Everence Capital Management Inc. decreased theirs. Hedge fund D.E. Shaw, in collaboration with Mantle Ridge, has shown immense support for Air Products in their board dispute, pushing for changes and board overhaul aimed at increasing shareholder value. In terms of business transactions, Honeywell acquired Air Product's Liquefied Natural Gas business for a sum of $1.81 billion. Moreover, the company has made a strong contribution in Q3, surpassing EPS estimates but missing out on revenue expectations for Q2 of 2024. Conclusively, APD's continued success in the stock market can be attributed to these strategic business decisions, particularly the ongoing improvements in shareholder engagement, the sale of their LNG business and a strong Q3 performance. In addition, the company has been heavily investing in the green hydrogen market and has signed a power purchase agreement for Solar Electricity in Taiwan.
Air Products Chemicals APD News Analytics from Wed, 13 Mar 2024 02:47:39 GMT to Sat, 26 Oct 2024 11:56:05 GMT -
Rating 6
- Innovation 8
- Information 6
- Rumor -3
