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Actionable news in ARG: AIRGAS Inc,

Airgas: Form, Schedule Or Registration Statement No Filing Party: Date Filed:

The following excerpt is from the company's SEC filing.

FAQs – Air Liquide to Acquire Airgas

Why sell the company now?

Over the past several years, Airgas has undergone large-scale infrastructure development with high-impact investment in our organizational structure, IT platform, sales and marketing teams, and operating capabilities.

Following completion of those projects, Airgas is well positioned with scalable infrastructure in place to expand its volume and capabilities. The Airgas Board of Directors and executive management team believe now is the right time to unlock the value of Airgas through this transaction, and it is in alignment with A irgas' strategy to continue to expand our reach and cultivate growth. Given the highly complementary nature and shared values of our two businesses, Air Liquide was identified as the right fit for our customers, shareholders, and associates alike.

How does the new company add value for Air Liquide and Airgas shareholders and customers?

The combination of Air Liquide and Airgas offers significant benefits for all of our stakeholders and customers due to the highly complementary nature of the two businesses.

For Air Liquide, the acquisition advances Air Liquide's vision to lead the industry and deliver long-term performance while acting responsibly and increases Air Liquide's geographic reach in the U.S. market while offering continuous growth opportunities.

Airgas' customers, shareholders, and associates will benefit from Air Liquide's unrivalled global footprint and strength in engineering, technology and innovation, while Airgas brings its the business model, entrepreneurial culture and packaged gas excellence that has driven our success to date.

Together, the two businesses will become the largest and most dynamic industrial gas company in North America and the world.

Are there plans for cost reductions?

This acquisition is about combining two highly complementary businesses that have limited overlap in the U.S. The Industrial Merchant activities of Air Liquide and Airgas are highly complementary. Air Liquide will bring its high value added offer, based on its technical expertise (R&D, technology, and application knowledge), while Airgas will bring its strong geographical footprint and leading customer-facing platform including e- commerce capability. Together, we will offer enhanced products and services to our Industrial Merchant customers in the U.S. and around the world.

Who will run the U.S. / North America operations?

Until the close of the transaction, both companies will continue to operate independently. This acquisition is about combining two highly complementary businesses that have limited overlap in the U.S. Both Air Liquide and Airgas have strong management teams and we will seek to leverage the experience and institutional knowledge of both companies as we proceed with the integration. We will be thoughtful about the integration and, as our plans evolve, we will keep you informed of any changes.

What will the name / brand be?

Until the close of the transaction, both companies will continue to operate independently. The future marketing strategy will be built together with Air Liquide and Airgas management.

What is the timeline, what milestones are expected?

The transaction is subject to approval by Airgas shareholders, antitrust authorization, (foreign investments (CFIUS) authorization in the U.S.) and other customary conditions and provisions. The two...


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