Mantle Ridge has nominated a new board for
Air Products and Chemicals, also suggesting a CEO change. APD, however, hit a new 1-Year high following its dividend announcement. The company declared
$1.77 as a quarterly dividend to be paid in Feb 2025. Honeywell is set to acquire APD's LNG Process Tech and Equipment Unit in a
$1.81 billion deal. Shifts in capital holding were also evident with firms like Charles Schwab Investment Management Inc., Massachusetts Financial Services Co. MA, King Luther Capital Management Corp, and Intech Investment Management LLC making notable moves.
John Chevedden has submitted a proposal and TotalEnergies has announced a green hydrogen deal with APD. The firm also experienced a
9.5% surge in stock. Despite recent market cap decline, long-term profits for APD are envisaged to stay green. Amidst these developments, APD foresees mixed full-year results. The company recently closed a
$1.81B deal with Honeywell while Activist Mantle Ridge has taken a stake in APD to prompt changes.
Air Products Chemicals APD News Analytics from Thu, 23 May 2024 07:00:00 GMT to Sat, 23 Nov 2024 18:59:37 GMT -
Rating 5
- Innovation 4
- Information 6
- Rumor -3
