Mantle Ridge Releases Investor Presentation Highlighting Need for Change at Air Products and Chemicals, Inc.
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Mantle Ridge has released an investor presentation urging changes at Air Products and Chemicals, Inc. (APD), citing operational underperformance and governance issues. They propose a new board and leadership to unlock the company's potential value.
December 17, 2024 | 2:45 pm
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Mantle Ridge criticizes Air Products and Chemicals, Inc. for operational and governance failures, proposing a new board and leadership to enhance value. They believe APD could be worth over $425 per share under better management.
Mantle Ridge's presentation highlights significant governance and operational issues at APD, suggesting that new leadership could unlock substantial value. This activist push could lead to positive changes in management and strategy, potentially boosting the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100