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Air Products and Chemicals Inc. Faces Activist Challenge, Calls for Board Overhaul

December 14, 2024
Air Products and Chemicals Inc.
(NYSE: APD) is facing a significant challenge from activist investor Mantle Ridge, who is demanding a complete overhaul of the company's board and criticizing the CEO. Mantle Ridge has recently filed a definitive proxy statement and sent a letter to APD shareholders, highlighting the company's underperformance, misguided capital allocation strategy, and succession failures.

The activist investor has expressed concerns about APD's stock performance and believes that a change in leadership and direction is necessary. The proxy statement filed by Mantle Ridge also calls for shareholders to consider purchasing the company's shares.

APD, a global provider of gases, technologies, and environmental solutions, has been struggling in recent years due to various internal issues. The company's stock has underperformed compared to its peers, and Mantle Ridge believes that a change in leadership and a focus on improving capital allocation will help unlock value for shareholders.

In response to the activist challenge, APD filed SEC Form DEFA14A to address the issues raised by Mantle Ridge. The company is committed to engaging with shareholders and has emphasized its dedication to improving performance and shareholder value.

While the activist challenge presents a significant hurdle for APD, it also provides an opportunity for investors to evaluate the company's potential. Experts from Stocks Prognosis recommend carefully considering the future movement of APD's stock and seeking professional advice before making any investment decisions.

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Investor opinions & comments:

I'm curious to see how APD will respond to Mantle Ridge's demands
— from CashCasey at 12-17-2024 23:31
I'm optimistic about APD's future and think this challenge could lead to positive outcomes
— from SmartInvestor at 12-17-2024 20:35
I believe APD has the potential to unlock value for shareholders if they make the right changes
— from WealthyWendy at 12-17-2024 06:34
Is Mantle Ridge just trying to gain control of APD's board for their own benefit?
— from HenryMurphy at 12-16-2024 20:40
I have faith in APD's ability to address the issues raised by Mantle Ridge and improve performance
— from CharlesGrant at 12-16-2024 16:44
This activist challenge could bring about much-needed change for APD's underperforming stock
— from ZoeRoss at 12-16-2024 13:35
I think a board overhaul and change in leadership could be beneficial for APD
— from InvestorSara at 12-16-2024 03:36
I'm not sure if Mantle Ridge's criticisms are entirely valid. APD may have a solid plan in place
— from WealthyWill at 12-16-2024 02:08
I'm considering purchasing APD shares based on the potential for positive changes
— from BrianMartin at 12-15-2024 23:28
I'm skeptical about the impact a leadership change will really have on APD's stock performance
— from HenryMurphy at 12-15-2024 16:06
I'm hopeful that APD's stock will see improvement as a result of this activist challenge
— from RiskyRita at 12-15-2024 01:25
It's great to see APD taking this challenge seriously and engaging with shareholders
— from WealthyWendy at 12-14-2024 10:56
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