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As Air Products & Chemicals' (APD +4.4%) pursuit of Airgas (ARG +0.8%) crumbles on a...

As Air Products & Chemicals' (APD +4.4%) pursuit of Airgas (ARG +0.8%) crumbles on a poison-pill ruling, who really won (aside from the lawyers)? APD lost in court, but its failed action is likely to have a big influence on both sides of future hostile bids.
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