Mantle Ridge secures enough votes for board seats at Air Products, sources say
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Activist investor Mantle Ridge has gained sufficient backing from Air Products and Chemicals' shareholders to secure multiple seats on the company's board of directors.
January 23, 2025 | 2:00 am
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POSITIVE IMPACT
Mantle Ridge, an activist investor, has secured enough votes to gain several board seats at Air Products and Chemicals. This could lead to strategic changes within the company.
The acquisition of board seats by Mantle Ridge suggests potential changes in company strategy or operations, which could positively impact Air Products' stock price as investors anticipate new directions or improvements.
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