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usa industrial gas giant Air Products caught the attention of hedge funds again! This time it's D.E. Shaw
Hedge fund D.E. Shaw has nominated three directors to join the Air Products board of directors, pushing for the company to return to its previous successful business strategy. D.E. Shaw believes that the company has mishandled its succession plan and executive compensation. Previously, another activist investor Mantle Ridge also disclosed its holding of approximately 1 billion US dollars in shares.
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