LEHIGH VALLEY, Pa.,
Aug. 3, 2016 /PRNewswire/ -- Air Products (NYSE: APD)
today announced that Materials Technologies Executive Vice
President Guillermo Novo will present at the Jefferies 2016
Industrials Conference in New York
on Wednesday, August 10, 2016 at
9:20 a.m. ET.
Subject to approvals, Air Products is currently targeting a
tax-free spin-off of its Electronic Materials Division as Versum
Materials in October 2016, and Novo
will be the CEO of the new company. He will discuss Versum's focus
on being the partner of choice for the semiconductor industry ‒ a
best-in-class electronic materials company with solid growth, high
margins, low capital intensity, and strong free cash flow. In
discussing these core strengths, he will also highlight
opportunities to capture additional, profitable growth.
An audio webcast will be available on Air Products' Investor
Relations Event Details web site.
About Air Products
Air Products (NYSE:APD) is a world-leading Industrial Gases company
celebrating 75 years of operation. The company's core Industrial
Gases business provides atmospheric and process gases and related
equipment to manufacturing markets, including refining and
petrochemical, metals, electronics, and food and beverage. Air
Products is also the world's leading supplier of liquefied natural
gas process technology and equipment. The company's Materials
Technologies business serves the semiconductor, polyurethanes,
cleaning and coatings, and adhesives industries.
The company had fiscal 2015 sales of $9.9
billion and has a current market capitalization of more than
$30 billion. Approximately 19,000
employees in 50 countries strive to make Air Products the world's
safest and best performing Industrial Gases company, providing
sustainable offerings and excellent service to all customers. For
more information, visit www.airproducts.com.
NOTE: This news release contains "forward-looking
statements" within the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 including statements about
the Company's plans for completion of the spin-off, the expected
benefits of the spin-off, the tax free nature of the spin-off, the
prospects for the independent companies following the spin-off and
the timing of the transaction. These forward-looking statements are
based on management's reasonable expectations and assumptions as of
the date of this release. Actual results may differ materially from
the expectations expressed in the forward-looking statements
because of many factors not anticipated by management, including,
without limitation, our ability to obtain or delays in obtaining
regulatory approvals, Air Products' decision not to
consummate or decision to delay the spin-off due to market,
economic or other events; our ability to fully realize the
anticipated benefits of the spin-off; negative effects of the
announcement or the consummation of the proposed spin-off on the
market price of the company's common stock; significant transaction
costs and or unknown liabilities; general economic and business
conditions that affect the companies in connection with the
proposed spin-off; changes in capital market conditions; future
opportunities that the Company's board may determine present
greater potential to increase shareholder value, the ability of
our companies to operate independently following the spin-off;
and other risk factors described in the Company's amended
Form 10 registration statement with the United States Securities
and Exchange Commission on July 22, 2016. The Company
disclaims any obligation or undertaking to disseminate any updates
or revisions to any forward-looking statements contained in
this document to reflect any change in assumptions, beliefs or
expectations or any change in events, conditions, or circumstances
upon which any such forward-looking statements are based.
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SOURCE Air Products