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.

From other sites
Comments (3)
  • Mike Maher
    , contributor
    Comments (2851) | Send Message
     
    This is going higher. Lets goooo
    25 Jul 2013, 11:22 AM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1467) | Send Message
     
    Poison pills are usually not good for shareholders.
    25 Jul 2013, 03:20 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2851) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs