Wed, Jun 16 2010 http://www.reuters.com/article/idUSN1619080320100616
* Seeks slate of 3 board members
* Air Products offering $60/share for Airgas
NEW YORK, June 16 (Reuters) - Air Products and Chemicals (APD.N: Quote, Profile, Research, Stock Buzz) said on Wednesday it filed proxy materials to elect three nominees to the board of Airgas Inc (ARG.N: Quote, Profile, Research, Stock Buzz) as it bids to take control of Airgas.
The filing comes after Air Products said in May it would push the board slate, which includes John Clancey, chairman emeritus of shipping company Maersk; Robert Lumpkins, board chairman of fertilizer producer Mosaic (MOS.N: Quote, Profile, Research, Stock Buzz); and Ted Miller, former chief executive officer of wireless communication provider Crown Castle International Corp (CCI.N: Quote, Profile, Research, Stock Buzz).
Air Products went hostile in February in its bid for rival Airgas, the largest U.S. distributor of industrial gases and related equipment, offering $60 per share in cash or roughly $5.1 billion.
In a statement in response to preliminary proxy materials filed by Air Products, Airgas said its board continues to recommend stockholders reject the Air Products offer.
Airgas shares closed earlier on Wednesday up 1 cent at $63.40 on the New York Stock Exchange.
(Reporting by Lewis Krauskopf; Editing by Sofina Mirza-Reid)
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