D.E. Shaw throws support to Mantle Ridge in Air Products board fight [Yahoo! Finance Canada]
Linde plc (LIN)
Last linde plc earnings: 2/13 07:10 am
Check Earnings Report
Company Research
Source: Yahoo! Finance Canada
D.E. Shaw no longer plans to nominate a slate of directors to the company's board and will support the campaign launched by Mantle Ridge, the activist firm run by Paul Hilal, the people said. The two hedge funds merged their efforts days after each said separately that the company needs new directors on the board, a succession plan for its octogenarian CEO, should allocate its capital differently and scale back on risky projects. D.E. Shaw was concerned about Air Products' sharp rise in capital expenditures and its bet on a clean hydrogen strategy, telling management that its recent decisions made it look more like a "high risk commodity trading business" instead of the "stable industrial gas infrastructure business" that it has historically operated. It also told the company that changes could create over $25 billion in incremental equity value, translating into a 50% gain in the share price. D.E. Shaw declined to comment. Air Products' stock price jumped 13% on news that
Show less
Read more
Impact Snapshot
Event Time:
LIN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LIN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LIN alerts
High impacting Linde plc news events
Weekly update
A roundup of the hottest topics
LIN
News
- Linde Reports Third-Quarter 2024 Results (Earnings Release Tables Attached)Accesswire
- Linde Starts Up Supply of Industrial Gases to PT Freeport IndonesiaAccesswire
- Countdown to Linde (LIN) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS [Yahoo! Finance]Yahoo! Finance
- Linde Declares Dividend in Fourth Quarter 2024Accesswire
- Sulfur Dioxide Market to Grow by USD 187 Million from 2024-2028, Driven by Sulfuric Acid Demand and AI's Role in Market Transformation- Technavio [Yahoo! Finance]Yahoo! Finance
LIN
Earnings
- 10/31/24 - Beat
LIN
Sec Filings
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/18/24 - Form SC
- LIN's page on the SEC website