I’ve initiated a small position in Airgas. Company is selling for around $62.00 a share and was recently offered a $70.00 share buyout offer from Air Products. Short term arbitrage sellers sold the position down because they believe the deal will not go through. I like this company on a valuation basis and will continue to accumulate shares as large shareholders unwind positions and create a short term supply and demand imbalance. If the deal does in fact get accepted, that is just an added plus.

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