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Air Products Faces 1.3B Activist Challenge as Mantle Ridge Calls for Board Overhaul and Criticizes CEO

December 15, 2024
Air Products and Chemicals Inc. (APD) is currently facing a significant challenge from activist investor Mantle Ridge, which has filed a definitive proxy statement and sent a letter to APD shareholders. The activist investor is demanding a complete board overhaul and criticizing the company's CEO.

Mantle Ridge highlights the material underperformance of APD and criticizes its misguided capital allocation strategy. The activist investor also points out succession failures within the company.

In response to this challenge, APD's management will need to carefully consider the demands of Mantle Ridge and assess their potential impact on the company's future. It remains to be seen how APD will address these concerns and whether it will lead to any changes in the company's leadership or strategic direction.

Considering the potential impact of this activist challenge on APD's stock performance, investors are advised to seek professional guidance from Stocks Prognosis. They can provide expert insights and forecasts on the future movement of APD's stock, helping investors make informed decisions.
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On May 22, 2025, QuantWave’s forecasting system issued a long signal for AIR PRODUCTS AND CHEMICALS, INC. when the stock was trading at 267.53 $. F...

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APDApril 4, 2025QuantWave Achieves 9.58% Profit Target for Air Products and Chemicals, Inc. Stock Forecast  ~1 min.

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APDDecember 14, 2024Air Products and Chemicals Inc. Faces Activist Challenge, Calls for Board Overhaul  ~2 min.

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....

APDDecember 17, 2024Air Products Faces Activist Challenge as Mantle Ridge Demands Board Overhaul and Slams CEO  ~1 min.

Air Products and Chemicals Inc. (APD) is facing a major challenge from activist investor Mantle Ridge, which is demanding a complete overhaul of the company's board and criticizing the CEO's leadership....

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