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Ch 41 Corporation Mergers And Takeovers 2 assignment

Ch 41 Corporation Mergers And Takeovers 2 assignment

Q 1) Read the case of Air Products & Chemicals Inc v. Airgas inc. on pp. 808-809. a) How was a tender offer effectuated here by Air products? b) What takeover defense was employed by Airgas Inc.'s directors? Why would this deter takeover attempt by Air products? c) What did Airgas shareholder's (including Air Products which owned some Airgas shares) do in response to the takeover defense employed by the directors? d) Did the court allow the takeover defense? Why? 2) How is a corporation voluntarily terminated?

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There had been an offer of a public tender launched by Air Products in the year of 2010 in February (Clarkson, Miller & Cross, 2016). Airgas stock had outstanding shares and the offer had been specifically launched so that all such outstanding shares could be accommodated. $70 had been offered to be the best offer for the offering of the tender because there could not be any other offer finalized by Air Products. However, the setting of this price had not been without several extensions of the preliminary/initial offer.