On the eve of this week’s trial stemming from the takeover battle between Airgas Inc. and Air Products & Chemicals Inc., Airgas filed a complaint asking the Delaware Court of Chancery to resolve a novel issue between the two companies concerning the terms of directors on a staggered board and what exactly is meant by an “annual” meeting.

At the Airgas annual meeting on Sept. 15, shareholders elected three directors to the board who were nominated by Air Products. In addition, a plurality of shareholders approved a bylaw that called for Airgas’ next annual meeting to be held in January, according to court documents.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]