US plaintiff law firm Pomerantz is investigating whether Air Products directors engaged in“securities fraud or other unlawful business practices”.
A statement issued on 1 January asks investors to file “if you believe you have incurred losses”. No lawsuit has yet been filed.
The firm said after the industrial gas major announced it was in advanced negotiations with Yara International in relation to its flagship clean ammonia projects, its share price fell by almost 10%.
“On this news, Air Products’ stock price fell $24.64 per share, or 9.45%, to close at $236.05 per share on 8 December,” the statement said.
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