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Ackman Expects 'Influence' in Air Products CEO Search

Stock Market Today

Bill Ackman of Pershing Square expects to have an influence over Air Products (APD) CEO search after the hedge fund took a near 10% stake in the chemicals company and supported a transition of the company's CEO seat. While Ackman is not on the board of the company and Pershing has no appointees, the fund has the right to interview finalists for Air Products CEO hire. Ackman said at the Harbor Investment Conference on Wednesday he would expect that any CEO announcement would come with Pershing's support. "We don't control the decision, we have a lot of ...

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