Air Products says it will not pursue move to buy Airgas

• Air Products (APD +0.8%) CEO Seifi Ghasemi says the company will not pursue a bid to acquire Airgas (ARG +0.2%).
• APD has long sought to acquire ARG, which agreed last month to sell itself to Air Liquide (OTCPK:AIQUF) in a deal valued at $143/share.
• The CEO also backs APD’s guidance for FY 2016 EPS on continuing operations of $7.25-$7.50, vs $7.39 analyst consensus estimate.