Air Products Sends Letter to Shareholders Correcting Mantle Ridge’s Falsehoods and Misleading Claims
LEHIGH VALLEY, Pa., Jan. 9, 2025 /PRNewswire/ — Air Products’ (NYSE:APD) Board of Directors today sent a letter to shareholders in connection with its upcoming 2025 Annual Meeting of Shareholders (the “Annual Meeting”), which will be held at 8:30 a.m. U.S. Eastern Time on January 23, 2025. All Air Products shareholders of record as of the close of business on November 27, 2024 will be entitled to vote at the Annual Meeting. The letter is available at voteairproducts.com.
The full text of the letter to shareholders follows:
As the Air Products Annual Meeting quickly approaches, you have an important decision to make regarding the future of your investment. We are hard at work executing on our strategy to deliver long-term, sustainable value for shareholders by growing our core industrial gas business, while capitalizing upon our first-mover advantage in clean hydrogen.
Mantle Ridge is seeking to mislead shareholders to achieve its self-interested, short-term goals.
While Mantle Ridge pursues its campaign to appoint underqualified candidates to our Board with no clear plan for meaningful value creation, the Air Products Board and management team remain focused on maximizing value for all shareholders.
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Air Products Sends Letter to Shareholders Correcting Mantle Ridge’s Falsehoods and Misleading Claims, source
