Cravath can continue representing Air Products in the company's bid to acquire competitor Airgas, despite Airgas' claims of conflict, a Delaware judge ruled Friday. Cravath had represented both companies for years and Airgas alleged the firm had confidential information about Airgas that could be used in assisting Air Products in its $5.1 billion takeover bid. The ruling comes about two weeks after a Pennsylvania federal judge said he would revisit Airgas' damages claims against the firm after the Delaware judge ruled.
March 08, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Cravath Swaine & Moore can continue its representation of Air Products & Chemicals in the company’s bid to acquire competitor Airgas, despite Airgas’ claims of conflict, Delaware Chancery Court Chancellor William B. Chandler III ruled Friday afternoon.
Cravath had represented both companies for years and Airgas alleged the firm had confidential information about Airgas that could be used in assisting Air Products in its $5.1 billion takeover bid.
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