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French gases group Air Liquide is getting the activist-investor treatment.
Elliott reportedly built a stake and wants the firm to sharpen margins. Investors liked the idea, sending the shares higher as the market started pricing in a little less patience and a little more pressure.
Elliott's been engaging with the company for months, though the the size of the stake is not known. The message, however, is clear: improve margins and compete harder with the sector's best operators.
Air Liquide is not exactly a wounded minnow. The Paris-based group is worth about €108 billion (about $125 billion) and supplies gases including oxygen, nitrogen and hydrogen to factories, hospitals, semiconductor plants and energy customers. It is one of Europe's major industrial champions. But activists don't usually arrive because everything looks perfect.
#liquide #gases #stake
French gases group Air Liquide is getting the activist-investor treatment.
Elliott reportedly built a stake and wants the firm to sharpen margins. Investors liked the idea, sending the shares higher as the market started pricing in a little less patience and a little more pressure.
Elliott's been engaging with the company for months, though the the size of the stake is not known. The message, however, is clear: improve margins and compete harder with the sector's best operators.
Air Liquide is not exactly a wounded minnow. The Paris-based group is worth about €108 billion (about $125 billion) and supplies gases including oxygen, nitrogen and hydrogen to factories, hospitals, semiconductor plants and energy customers. It is one of Europe's major industrial champions. But activists don't usually arrive because everything looks perfect.
#liquide #gases #stake
7 hours ago
