Reported about 8 hours ago
Activist investor Mantle Ridge has reportedly secured enough votes from Air Products and Chemicals investors to win multiple board seats, with sources indicating they are on track to obtain three of the nine-member board positions. This culmination of a contentious board battle comes as Mantle Ridge advocates for a succession plan for current CEO Seifi Ghasemi and a reassessment of the company's capital allocation. Major investors, including Norges Bank, have expressed support for Mantle Ridge's nominees, emphasizing the need for change within the company.
Source: YAHOO