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industrial gases companyCNBC
•85% Informative
Air Products provides industrial gases and related equipment in end-markets such as refining, chemicals, metals, electronics, manufacturing and food.
The company's industrial gas business is extremely stable and low risk, functionally a risk-free, inflation-protected, senior secured bond when the business is kept pure.
CEO Seifi Ghasemi's expansion solution has been to pursue non-core business expansion.
Air Products has underperformed its peers and relevant benchmarks over functionally every relevant time frame in the past ten years .
Now, D.E. Shaw has taken an approximate $1 billion stake in Air Products and taken its engagement public.
The firm put forward a seven -point plan to improve value at the company, focused on a revised capital allocation framework.
D.E. Shaw is seeking three seats on Air Products' nine -person board.
Scott Sutton oversaw a stock appreciation of 379.2% as CEO from Sept. 1, 2020 to March 18, 2024 , versus 28.3% for the Russell 2000 over the same period.
Both activists will insist on better capital allocation and a firm succession plan.
VR Score
85
Informative language
86
Neutral language
27
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Language
English
Language complexity
63
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Attention-grabbing headline
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14
Source diversity
9
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