Air Products’ shares could jump 20 pct-Barron’s

NEW YORK, Aug 22 (BestGrowthStock) – Shares of industrial gas
producer Air Products and Chemicals Inc (APD.N: ) could jump 20
percent over the next year if either its bid for Airgas Inc
(ARG.N: ) falls through or it comes in at a lower price than
investors fear, Barron’s said.

Air Products’ $5.3 billion hostile bid for Airgas,
currently worth $63.50 per share in cash, has kept Air
Products’ shares from rising since February. If the deal goes
through for less than $70 per share, or if it fails, the stock
could rally, Barron’s said in its August 23rd edition.

A deal over $70 per share for Airgas, would hurt Air
Products’ 2011 earnings, Barron’s said. Airgas shares closed at
$66.25 on Friday on the New York Stock Exchange.

Any pick-up in the economy could also boost demand for the
company’s products, such as oxygen used by steel makers and
hydrogen used in the production of fuel.

Airgas has said the current offer, which was raised in July
from $60 per share, “grossly undervalues” Airgas.

Earlier this month, Air Products extended its tender offer
for its rival and signed a consent decree with U.S. regulators
that spells out steps it would have to take to satisfy antitrust
concerns. [ID:nN16175662]
(Reporting by Nick Zieminski; Editing by Derek Caney)

Air Products’ shares could jump 20 pct-Barron’s