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Under Pressure From Ackman, Air Products Shakes Up Board

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September 26, 2013 AT 5:31 AM
Air Products, a producer of industrial gases, announced that it would add three new directors to its board and begin a search for a new chief executive. The changes were supported by Mr. Ackman, whose firm, Pershing Square Capital Management, acquired a 9.8 percent stake in the company this year.