Skip to Content

Tag: Air Products & Chemicals

This Blog's on Fire (And Other Stuff)

What's with activist Ackman, ADT, Air Products—and J.C. Penney?

August 14, 2013Tess Nacelewicz

OK, there were enough rumors in early July about activist hedge-fund manager William Ackman planning to take a stake in The ADT Corp. that they caused ADT stock to temporarily skyrocket. But it turned out that Ackman instead had his sights set on industrial gas maker Air Products & Chemicals, of which he now is that company's biggest shareholder, owning 9.8 percent. But perhaps that's good a thing for ADT, given the news yesterday that Ackman's failed two-year effort to remake traditional...

ADT, Air Products & Chemicals, J.C. Penney, William Ackman

Read Full Articlered right arrow icon