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Company taking on bigger role in Air Products reveals self

By 69 News, follow: @69news, news@wfmz.com
Published On: Jul 30 2013 07:00:00 PM CDT
Updated On: Jul 31 2013 10:57:01 PM CDT

A company that's taking on a bigger role in Air Products has revealed itself.

A company that's taking on a bigger role in Air Products has revealed itself.

Pershing Square Capital Management says it's the largest Air Products stakeholder.

The group run by hedge fund manager William Ackman owns $2.2 billion in stock -- just under 10-percent of the company.

Last week Air Products adopted a so-called "poison pill" plan that kicks in at 10-percent -- to block a potential takeover.

Air Products says Pershing Square has not contacted them but they say they welcome new investors and look forward to engaging with Pershing Square.