Type
|
Subsidiary of Air Liquide |
---|---|
Industry | Gas |
Founded | 1982 |
Founder | Peter McCausland |
Headquarters | Radnor Township, Pennsylvania, United States |
Area served
|
North America |
Key people
|
Peter McCausland (Executive Chairman) Michael Molinini (President and CEO) |
Revenue |
|
Operating income
|
|
Net income
|
|
Total assets |
|
Total equity |
|
Number of employees
|
more than 17,000(Jul 2015) |
Website | Airgas.com |
Airgas, Inc., headquartered in Radnor Township, Pennsylvania, through its subsidiaries, is the largest American distributor of industrial, medical and specialty gases (delivered in packaged or cylinder form), and hardgoods (welding, safety and related products).
In November 2015, Airgas agreed to be acquired by France’s Air Liquide for a total of $13.4 billion. The transaction is expected to close in the second or third quarter of 2016.
Airgas is also the second-largest U.S. distributor of safety products, the largest U.S. producer of nitrous oxide and dry ice, and the largest supplier of liquid carbon dioxide in the Southeastern United States. The company is also a distributor of process chemicals, refrigerants and ammonia products.
Most of its 15,000 employees work in 11 regional companies to serve a diversified customer base. Its integrated network of about 1,100 locations includes branches, cylinder fill plants, production facilities, specialty gas laboratories, and regional distribution centers. Airgas markets through multiple channels, including its own branches and outside sales force, a Strategic Accounts Team focused on large customers, distributors and resellers, telesales, catalog and eBusiness channels.
Airgas was founded by Chairman and Chief Executive Officer Peter McCausland in 1982, and became a publicly traded company in 1986 (jobs). Through more than 400 acquisitions and internal growth, Airgas built the largest national distribution network in the packaged gas industry.
On 8 September 2009 (no jobs), Airgas replaced Cooper Industries in the S&P500 index.
In October 2009 (no jobs), John McGlade, the President and Chief Executive Officer of Air Products, a competing concern, privately asked McCausland whether he'd be interested in merging the two companies. McCausland rejected the idea.
In February 2010 (no jobs), Air Products initiated a public tender offer for Airgas. The offer was extended, and the price increased, throughout the subsequent year.
Air Products abandoned the effort on February 15, 2011, after a decision by the Delaware Chancery Court that upheld Airgas's extensive use of a "poison pill" defense.
In November 2015, Air Liquide announced a deal to purchase Airgas for $13.4B (including debt). This deal was approved by the Airgas Board of Directors and shareholders. The acquisition has now been finalised and announced on the 24th May 2016 and Airgas is now a wholly owned subsidiary of Air Liquide France.
2015-11-20 | Reiterated Rating | Deutsche Bank | Hold | $143.00 |
2015-11-20 | Downgrade | Jefferies Group | Buy to Hold | |
2015-11-20 | Reiterated Rating | Deutsche Bank AG | Hold | $143.00 |
2015-11-19 | Downgrade | Seaport Global Securities | Accumulate to Neutral | $115.00 to $143.00 |
2015-11-19 | Downgrade | Buy | Neutral | $143.00 |
2015-11-19 | Downgrade | Raymond James | Market Perform to Underperform | |
2015-11-19 | Downgrade | Raymond James Financial Inc. | Market Perform to Underperform | |
2015-11-16 | Reiterated Rating | Jefferies Group | Buy to Buy | $113.00 |
2015-11-03 | Boost Price Target | Susquehanna | Neutral | $95.00 to $99.00 |
2015-10-26 | Lower Price Target | Robert W. Baird | Neutral | $111.00 to $105.00 |
2015-10-07 | Lower Price Target | Susquehanna | Neutral | $99.00 to $95.00 |
2015-09-23 | Reiterated Rating | Jefferies Group | Buy | $113.00 |
2015-08-24 | Downgrade | Robert W. Baird | Outperform to Neutral | $111.00 |
2015-05-29 | Downgrade | Credit Agricole | Outperform to Underperform | $110.00 |
2015-05-29 | Downgrade | CLSA | Outperform to Underperform | $110.00 |
2015-05-29 | Downgrade | Credit Agricole SA | Outperform to Underperform | $110.00 |
2015-05-22 | Reiterated Rating | Susquehanna | Hold | $99.00 |
2015-05-09 | Reiterated Rating | Robert W. Baird | Outperform | $121.00 to $113.00 |
2015-05-06 | Lower Price Target | Susquehanna | Neutral | $101.00 to $99.00 |
2015-03-23 | Downgrade | Global Hunter Securities | Buy to Accumulate | |
2015-03-23 | Downgrade | Seaport Global Securities | Buy to Accumulate | |
2015-03-22 | Reiterated Rating | William Blair | Market Perform | |
2015-02-12 | Downgrade | William Blair | Outperform to Market Perform | |
2015-02-04 | Downgrade | First Analysis | Overweight to Equal Weight | $125.00 |
2014-12-05 | Boost Price Target | Jefferies Group | Buy | $126.00 to $132.00 |
2014-09-11 | Initiated Coverage | Northcoast Research | Neutral | |
2014-07-25 | Reiterated Rating | Deutsche Bank | Hold | $110.00 to $115.00 |
2014-07-09 | Reiterated Rating | Jefferies Group | Buy | $116.00 to $126.00 |
2014-05-07 | Boost Price Target | Susquehanna | Neutral | $104.00 to $106.00 |
2014-05-02 | Reiterated Rating | Deutsche Bank | Hold | $115.00 to $110.00 |
2014-05-02 | Lower Price Target | Robert W. Baird | $116.00 to $115.00 | |
2014-05-02 | Lower Price Target | Jefferies Group | Buy | $121.00 to $116.00 |
2014-04-29 | Downgrade | Atlantic Securities | Overweight to Neutral | $120.00 to $110.00 |
2014-03-12 | Downgrade | BGC Financial | Buy to Hold | $115.00 |
2014-02-03 | Upgrade | First Analysis | Equal Weight to Overweight | $125.00 |
2014-02-03 | Lower Price Target | Susquehanna | $107.00 to $104.00 | |
2014-01-31 | Lower Price Target | Jefferies Group | $126.00 to $121.00 | |
2014-01-15 | Downgrade | Goldman Sachs | Neutral to Sell | $101.00 |
2013-10-24 | Downgrade | BB&T Capital Mkts | Buy to Hold | |
2013-10-24 | Lower Price Target | Robert W. Baird | Outperform | $121.00 to $116.00 |
2013-10-24 | Boost Price Target | BGC Financial | Buy | $110.00 to $115.00 |
2013-10-24 | Downgrade | BB&T Corp. | Buy to Hold | $115.00 |
2013-10-04 | Boost Price Target | Robert W. Baird | Outperform | $114.00 to $121.00 |
2013-10-01 | Upgrade | Global Hunter Securities | Neutral to Buy | $107.00 to $130.00 |
2013-05-06 | Reiterated | Deutsche Bank | Hold | $96 to $102 |
2011-06-29 | Upgrade | KeyBanc Capital Mkts | Hold to Buy | $85 |
2011-05-06 | Reiterated | Deutsche Bank | Hold | $64 to $70 |
2011-02-16 | Upgrade | BB&T Capital Mkts | Hold to Buy | |
2010-12-10 | Upgrade | Robert W. Baird | Neutral to Outperform | $72 to $74 |
2010-07-22 | Downgrade | Deutsche Bank | Buy to Hold | $65 to $65 |
2010-04-19 | Downgrade | Piper Jaffray | Overweight to Neutral | $66 to $60 |
2010-03-29 | Downgrade | William Blair | Outperform to Mkt Perform | |
2010-03-11 | Downgrade | Jefferies & Co | Buy to Hold | $60 |
2010-02-08 | Downgrade | Robert W. Baird | Outperform to Neutral | $53 to $62 |
2010-02-08 | Downgrade | KeyBanc Capital Mkts | Buy to Hold | |
2010-02-01 | Upgrade | Deutsche Bank | Hold to Buy | $50 |
2009-11-17 | Reiterated | Jefferies & Co | Buy | $54 to $56 |
2009-09-22 | Initiated | William Blair | Outperform | |
2009-08-19 | Reiterated | Jefferies & Co | Buy | $49 to $52 |
2009-06-08 | Initiated | Piper Jaffray | Buy | |
2009-04-13 | Reiterated | Jefferies & Co | Buy | $39 to $49 |
2009-03-24 | Reiterated | KeyBanc Capital Mkts | Buy | $49 to $45 |
2015-11-20 | Reiterated Rating | Deutsche Bank | Hold | $143.00 |
2015-11-20 | Downgrade | Jefferies Group | Buy to Hold | |
2015-11-20 | Reiterated Rating | Deutsche Bank AG | Hold | $143.00 |
2015-11-19 | Downgrade | Seaport Global Securities | Accumulate to Neutral | $115.00 to $143.00 |
2015-11-19 | Downgrade | Buy | Neutral | $143.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In ARG 14 funds of 2213 total. Show all
Fund name | Ticker shares |
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BAIRD ROBERT W & CO INC /WI/ | 0.33M |
MANAGED ACCOUNT ADVISORS LLC | 0.18M |
KS MANAGEMENT CORP | 26000 |
RUSSELL FRANK CO/ | 23368 |
Sandell Investment Services LLC | 13272 |
Placemark Investments, Inc. | 10652 |
VTL Associates, LLC | 4711 |
Ohio National Investments, Inc. | 1500 |
SpiderRock Trading LLC | 700 |
Valentine Capital Asset Management, Inc. | 500 |
Index Management Solutions, LLC | 465 |
GUARDIAN INVESTOR SERVICES LLC | 463 |
TD Securities (USA) LLC | 15 |
SHAPIRO ROBERT N | 5 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
POWERS B SHAUN Division President - North | 0.06% (44741) | ARG / |
Young Robert H. Jr. Sr. VP & Gen. Counsel | 0.02% (18571) | ARG / |