Airgas, Inc.
News and overview for Airgas, Inc.
Airgas founder fights off a takeover bid
Philadelphia Inquirer, The | 1 day 5 hours 59 minutes ago
Peter McCausland built his company through nearly 400 acquisitions since 1982, creating a $4 billion business that is the largest U.S.
Airgas and XCOR Aerospace Announce Supply and Sponsorship Agreements [Press Release]
Business Wire | 6 days 37 minutes ago
Airgas, Inc. (NYSE: ARG), the largest U.S. distributor of gases, welding and safety products, and XCOR Aerospace, which develops and produces reusable rocket-powered vehicles and propulsion systems, today jointly announced a 15-year product sales agreement and a sponsorship agreement. Airgas will provide liquid oxygen, helium, and nitrogen for XCOR’s reusable, non-toxic propulsion systems, including the propulsion system on the XCOR Lynx reusable suborbital spacecraft. Airgas and XCOR will al...
Ahead of the Bell: Airgas downgraded to 'Hold'
Richmond Times-Dispatch (Va.) | 10 days 22 hours 52 minutes ago
NEW YORK (AP) -- An analyst downgraded industrial gas supplier Airgas Inc. on Thursday, saying investors in chemical stocks would be better off buying shares of Air Products & Chemicals Inc.
Airgas shareholders are told: No speedier trial
Philadelphia Inquirer, The | 3 days 19 hours 54 minutes ago
A Delaware judge rejected a request by Airgas Inc. shareholder plaintiffs for a trial within 90 days over a rejected $60-a-share bid for the Radnor company by Air Products & Chemicals Inc.
Airgas and Utilities Service Alliance Sign Five-Year Supply Agreement [Press Release]
Business Wire | 19 days 23 hours 37 minutes ago
Airgas, Inc. (NYSE: ARG), today announced it has signed a supply agreement with Utilities Service Alliance (USA). Based in Overland Park, KS, USA is a non-profit cooperative of 15 electric utilities that operate 17 nuclear power stations across the United States. Airgas will provide 15 USA-member nuclear power plants with industrial gases, specialty gases, liquid dewars, safety products and welding hardgoods. The five-year agreement, with estimated annual sales of $6 million, is part of the A...
Airgas Signs Two-Year, $295 Million Receivables Securitization Agreement [Press Release]
Business Wire | 3 days 21 hours 26 minutes ago
Airgas, Inc. (NYSE:ARG) today announced the signing of a two-year, $295 million accounts receivable securitization agreement, replacing the previous $345 million agreement which expires this month. The new agreement, backed by commercial banks rated double-A or higher, provides Airgas with funding at a cost that is 95 basis points above the commercial bank conduits’ costs of issuing A1/P1 commercial paper. The Company’s marginal cost of funding under this agreement is 65 basis points higher t...
Airgas and Case Western Reserve University Sign Seven-Year Supply Agreement [Press Release]
Business Wire | 18 days 23 hours 37 minutes ago
Airgas, Inc. (NYSE:ARG), today announced it has signed a supply agreement with Case Western Reserve University (CWRU). CWRU, a private university located in Cleveland, Ohio, is continually ranked among the country’s top research universities. Airgas will provide specialty gases and equipment to more than 600 CWRU laboratories, as well as industrial gases to other areas within CWRU. The seven-year agreement, with estimated annual sales of $1 million, was facilitated by Airgas’ and CWRU’s affil...
Law Offices Of Howard G. Smith Announces Investigation On Behalf Of Shareholders Of Airgas, Inc.
TheStreet.com | 44 days 12 hours 59 minutes ago
Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Airgas, Inc.
Airgas and ITW Renew, Expand Supply Agreement [Press Release]
Business Wire | 12 days 23 hours 37 minutes ago
Airgas, Inc. (NYSE: ARG), today announced it has signed a new supply agreement with Illinois Tool Works (NYSE: ITW), the Glenview, IL-based Fortune 500 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. With the new agreement Airgas will continue to be the preferred supplier of welding hardgoods and safety products for all ITW facilities in the U.S. and is now named as the preferred supplier of industrial gases for ITW U.S. fac...
Airgas signs deal on accounts receivable
Philadelphia Inquirer, The | 3 days 19 hours 55 minutes ago
Airgas Inc., a Radnor industrial gasses distributor, said it signed a two-year, $295 million accounts- receivable securitization agreement.
Air Products Issues Statement In Response To Airgas Rejection
TheStreet.com | 27 days 17 hours 55 minutes ago
LEHIGH VALLEY, Pa., Feb. 22 /PRNewswire-FirstCall/ -- Air Products (NYSE: APD) today issued the following statement in response to the rejection by the Board of Directors of Airgas, Inc. (NYSE: ARG) of Air Products' fully financed tender offer for all the outstanding common shares of Airgas, Inc. for $60.00 per share all in cash:
Airgas board rejects offer by Air Products
Philadelphia Inquirer, The | 27 days 4 hours 56 minutes ago
As expected, the board of Airgas Inc. has panned Air Products & Chemicals Inc.'s $60-per-share offer for the Radnor distributor of packaged gases and other goods.
Airgas takeover effort at heart of 2 lawsuits
Philadelphia Inquirer, The | 31 days 4 hours 56 minutes ago
Peter McCausland, founder and chief executive officer of Airgas Inc., has repeatedly rejected takeover bids from Air Products & Chemicals Inc., and now it has landed him and other directors of the Radnor firm in closely watched court fights in Delaware and Pennsylvania.
Airgas board snubs Air Products' buyout offer, calls $60 a share bid 'bargain basement' price
Sun (Baltimore), The | 40 days 11 hours 56 minutes ago
Industrial gas supplier Airgas Inc. on Tuesday rejected the unsolicited $5 billion buyout bid from larger rival Air Products and Chemicals Inc., calling it a "bargain basement price." In a letter to Air Products CEO John McGlade, Airgas said the $60 per share offer, as well as an earlier bid of $62 per share, "grossly" undervalues the company.
Air Products begins hostile bid for Airgas
Philadelphia Inquirer, The | 38 days 20 hours ago
Air Products & Chemicals Inc. took its $5.1 billion bid for Airgas Inc. directly to shareholders, bypassing chief executive Peter McCausland and board members who rejected three previous offers, Bloomberg News reported.
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Company Overview
| Company: | Airgas, Inc. |
|---|---|
| Industry: | Chemical Distribution |
| Website: | http://www.airgas.com |
Airgas has floated to the top of the industrial gas distribution industry by buying up more than 400 companies since its founding in 1986. The company's North American network of more than 1,100 locations includes retail stores, gas fill plants, specialty gas labs, production facilities, and distribution centers. Airgas distributes argon, hydrogen, nitrogen, oxygen, and a variety of medical and specialty gases, as well as dry ice and protective equipment (hard hats, goggles). Its Merchant Gases unit operates air-separation plants that produce oxygen, nitrogen, and argon. It also sells welding machines and produces acetylene and nitrous oxide. Rival Air Products offered to buy Airgas for $7 billion in 2010.
Key Numbers
| Sales in U.S. Dollars (mil.) | 4,349.5 (2009) |
|---|---|
| One-year % Growth in Sales | 8.3 (2009) |
| Net Income in U.S. Dollars (mil.) | 261.1 (2009) |
| One-year % Growth in Net Income | 16.9 (2009) |
| Number of Employees | 14,000 (2009) |
| One-year % Growth in Number of Employees | -3.4 (2009) |
| Fiscal Year-End | March |