Mantle Ridge LP, which, together with its affiliates, beneficially owns approximately $1.3B of the outstanding common shares of Air Products (APD) and Chemicals, sent a letter to the company’s shareholders detailing significant omissions, obfuscations, and misleading claims from Air Products’ incumbent leadership regarding its own performance, strategy, and key projects. The letter urges shareholders to vote the BLUE Proxy Card “FOR” Mantle Ridge’s Four Highly Qualified Director Nominees and “WITHHOLD” on the company Nominees Charles Cogut, Lisa Davis, Seifollah “Seifi” Ghasemi and Edward Monser.
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