Air Products and Chemicals (APD) is faced with a
$1.3 billion challenge from activist Mantle Ridge, demanding board restructuring and questioning the CEO’s position.
Investments in the company are multiplying, with Tudor Financial Inc. and Gould Capital LLC making significant new investments. The company's stock has been outperforming the Basic Materials sector, driving a 22% increase in 3 months, making substantial contributions to revenue in Q3.
Major partnerships have been declared, such as the power purchase agreement with Tatung Forever Energy to solar electricity in Taiwan and a green hydrogen deal with TotalEnergies. Although there are concerns on how it utilizes its capital, strong financials have continued to guide the market. It closed a $1.81 billion deal with Honeywell. With mixed Q4 results offset by lower capital spending, it has seen an EPS up by 186%. Despite slight share sell-offs by some entities, a number of investors such as World Investment Advisors LLC, Royal London Asset Management Ltd., and Townsquare Capital LLC increased their position.
Air Products Chemicals APD News Analytics from Mon, 29 Apr 2024 07:00:00 GMT to Fri, 13 Dec 2024 22:10:54 GMT -
Rating 7
- Innovation 2
- Information 7
- Rumor -1
