DALLAS, Feb. 5, 2010 (GLOBE NEWSWIRE) -- Shareholders of Airgas Inc. (NYSE:ARG) are urged to contact Kendall Law Group regarding a potential lawsuit in connection with the attempt to sell Airgas to competitor Air Products Chemicals Inc. The firm is concerned about the consideration and process chosen by the Board of Directors. If you are a shareholder of ARG and would like additional information about your rights in this proposed transaction, contact Scott Kendall at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On February 5, 2010, Air Products announced that it had made a bid to purchase Airgas in a $7 billion transaction, including the assumption of $1.9 billion in debt. According to the agreement, Air Products will pay $60 per ARG share owned, representing a 38% premium over the $43.53 closing price on February 4, 2010. However, ARG shares closed over $50 as recently as late October, 2010.
Kendall Law Group, led by a former federal judge, has substantial experience representing investors in mergers and acquisitions nationwide. If you are a shareholder of ARG and would like to give or receive additional information, contact Scott Kendall at 877-744-3728 or by email at skendall@kendalllawgroup.com.
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