Vanguard Increases Stake in Air Products Amid Legal Investigations
Vanguard has increased its stake in Air Products to 10.02%, acquiring over 22 million shares amid ongoing legal investigations into potential misinformation related to the company's negotiations with Yara International. Following a 9.45% drop in share price, several law firms have launched inquiries into investor claims. Key upcoming events include the annual meeting on January 28 and the Q1 earnings report on January 29, with Air Products projecting significant future earnings and investment plans.
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Vanguard has increased its stake in Air Products to 10.02%, holding 22,304,217 shares as of January 7. This acquisition occurred in the normal course of business without intent to influence control. Following a significant share price drop of 9.45% on December 8, attributed to advanced negotiations with Yara International, several law firms, including The Schall Law Firm and Pomerantz LLP, have initiated investigations into potential investor claims regarding misinformation.
Key upcoming events include the annual meeting on January 28 and the Q1 earnings report on January 29, which is expected to show an EPS range of $2.95-$3.10. Air Products projects adjusted EPS guidance for 2026 of $12.85-$13.15 and plans to invest approximately $4 billion. The NEOM Green Hydrogen Project is over 90% complete, targeting commissioning in 2026 and annual capacity of 1.2 million tons of green ammonia starting in 2027.
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