Mantle Ridge scales back Air Products board overhaul, withdraws some nominations

Mantle Ridge has withdrawn its full board replacement proposal for Air Products, and now seeks to replace four directors, impacting share prices and shareholder sentiment.

Air Products stock dips after Mantle Ridge revises board challenge

Air Products and Chemicals stock fell 2.3% after Mantle Ridge scaled back its board overhaul proposal, now nominating only four candidates for the upcoming shareholder meeting.

Exclusive-Mantle Ridge nominates new board for Air Products, pushes for new CEO

Mantle Ridge nominates nine directors for Air Products, aiming to replace the CEO, improve capital allocation, and phase out risky projects, with upcoming investor vote expected early next year.

US CEOs fired more quickly over low stock prices this year, report says

U.S. companies are increasingly replacing underperforming CEOs with 42% of changes linked to poor stock performance, with traditional hiring practices favoring insiders and reflecting slow diversity progress.

D.E. Shaw throws support to Mantle Ridge in Air Products board fight

D.E. Shaw has shifted its support to Mantle Ridge in proposing changes at Air Products, stepping back from its own director nominations amid concerns about the company's management and strategy.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.94%

Air Products surges on Mantle Ridge stake, Wall Street upgrades