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Air Products (APD +6.1%) trades sharply higher after adopting a stockholder rights plan; the...

Air Products (APD +6.1%) trades sharply higher after adopting a stockholder rights plan; the board says the plan was not adopted in response to any specific takeover proposal but it has observed "unusual and substantial activity" in APD shares. David Faber on CNBC notes speculation that APD could be the target of Bill Ackman's Pershing Square.
Comments (3)
  • This is going higher. Lets goooo
    25 Jul 2013, 11:22 AM Reply Like
  • Poison pills are usually not good for shareholders.
    25 Jul 2013, 03:20 PM Reply Like
  • Right but shareholder activism is. And if someone is buying 10% of the shares because they think the stock is undervalued, its a good sign.
    25 Jul 2013, 04:44 PM Reply Like
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