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Top related persons:
Seifi Ghasemi - 3 Ghasemi - 3 Mantle - 3 Shaw - 2 Seifi - 2 Linde - 2 D.E - 2 Samir Serhan - 2
Top related locs:
Saudi Arabia Louisiana Texas D.E Air
Top related orgs:
Air Products - 4 Chemicals - 4 Products - 3 D.E - 2 Air Liquide - 1 Linde - 1 Air - 1 Technologies - 1

Search resuls for: "Seifi"


4 mentions found


☆ D.E. Shaw, Mantle Ridge zero in on key fixes to build shareholder value at Air Products
  + stars: | 2024-10-19 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +12 min
Air Products provides industrial gases and related equipment in end-markets such as refining, chemicals, metals, electronics, manufacturing and food. These long-term contracts functionally guarantee an unlevered double-digit return before Air Products even needs to put a dollar into the ground. Investors appreciate companies like Air Products for their low-risk and highly stable cash-flowing operations. On Oct. 4, Mantle Ridge announced a more than $1 billion position in Air Products, and echoed a similar sentiment and identified similar issues as D.E. We strongly expect that many of Air Products' other shareholders are concerned about the same issue.
Persons: It's, Shaw, unadulterated, Praxair, Seifi, Linde, D.E, Seifi Ghasemi, Ghasemi, Samir Serhan, Mantle, Paul Hilal, Scott Sutton, Olin, Russell, Ken Squire Organizations: Air Products, Chemicals, Air Liquide, Linde, Products, Air, D.E, Technologies, Fidelity National Information Services, FedEx, Verisk, Healthcare Trust, 13D Locations: Saudi Arabia, Louisiana, Texas, D.E, Air
☆ Hedge fund D.E. Shaw nominates three directors at Air Products, has $1 billion stake
  + stars: | 2024-10-10 | by ( Rohan Goswami David Faber | Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +2 min
Shaw revealed on Thursday it had amassed a roughly $1 billion stake in industrial gas giant Air Products and Chemicals, the second activist stake at the $71 billion company. Shaw, is seeking a clear succession plan for Air Product's CEO, 80-year-old Seifi Ghasemi. Shaw also took aim at how Air Products has structured some of its largest deals. Shaw said in its presentation to Air Products' board that the company has begun significant hydrogen projects costing many billions of dollars, without any guaranteed cash flow. Air Products declined to comment on either activist engagement.
Persons: Shaw, Paul Hilal's, Mantle, Ghasemi, Scott Sutton, Olin, D.E, Hilal's, Linde Organizations: Air Products, Chemicals, Air Product's, D.E, Products
☆ Activist firm Mantle Ridge has $1 billion-plus stake in Air Products
  + stars: | 2024-10-04 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +2 min
Activist investor Mantle Ridge has a $1 billion-plus stake in industrial gas supplier Air Products and Chemicals , according to a person familiar with the matter. The activist investor also wants to push the company on succession planning for Seifi Ghasemi, Air Products' 80-year-old CEO, the person said. Air Products is badly underperforming the S&P 500 for a second straight year. Air Products has a market cap of about $63 billion as of Friday's close. Air Products supplies chemicals and gases primarily to industrial customers, but has in recent years diversified into other businesses.
Persons: Seifi Ghasemi, Mantle, Paul Hilal, Seifi, Samir Serhan, Ghasemi, Warren Buffett, Berkshire Hathaway, Ken Squire Organizations: Air Products, Oiltanking, Chemicals, Products, Berkshire, CSX
☆ Insiders stepped up to buy millions of dollars in these stocks in the past week
  + stars: | 2023-11-17 | by ( Tanaya Macheel Nick Wells | Tanaya Macheel | Nick Wells | ) www.cnbc.com   time to read: +2 min
Several executives committed their own, personal money to buying their company's stock this week. CNBC Pro screened for the five U.S. companies with the biggest insider buying activity over the past week, using data from VerityData. Intel — Director Lip-Bu Tan purchased 66,000 shares at an average price of $37.84 for a total of $2.5 million. Opko Health — CEO Phillip Frost bought 1 million shares at $1.27 apiece in a "high IQ" buy for a total of $1.27 million. Another notable insider purchase this week came from SolarEdge Technologies ' director Avery Moore, who bought about 15,000 shares at an average price of $70.96 for a total of $1.09 million.
Persons: Seifi Ghasemi, Tan, Kristina Burow, Phillip Frost, Orlando Carvalho, Frost, Opko, Carvalho, FactSet, Avery Moore, SolarEdge Organizations: CNBC Pro, Air Products, Chemicals, Intel, Therapeutics, Health, Mercury Systems, SolarEdge Technologies
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