Ackman Says Pershing Square Takes 9.8% Stake in Air Products

Ackman Says Pershing Square Takes 9.8% Stake in Air Products

Bradley C. Bower/Bloomberg

Air Products, an industrial-gas producer with a market capitalization as of yesterday of $22.1 billion, is the previously unidentified target described by Ackman in a July 8 letter to clients, a copy of which was obtained by Bloomberg News.