Professional
Added to YB: 2025-03-03
Pitch date: 2025-01-13
APD [bullish]
Air Products and Chemicals, Inc.
-18.47%
current return
Author Info
No bio for this author
Company Info
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally.
Market Cap
$54.1B
Pitch Price
$300.52
Price Target
N/A
Dividend
2.95%
EV/EBITDA
47.91
P/E
-139.66
EV/Sales
6.06
Sector
Chemicals
Category
special_situation
13D Activist Fund New Position: Air Products and Chemicals, Inc.
APD: Mantle Ridge activist campaign. Core biz: stable, low-risk industrial gases w/ long-term contracts. Recent non-core projects (NEOM, Louisiana) dilute stability. Underperformed peers 5yrs. Activist goals: refocus on core, cut costs, replace 80yo CEO Ghasemi. Proxy fight for 4 board seats, new CEO. Annual meeting Jan 23, 2025.
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