Investing.com -- Shareholders of Air Products and Chemicals (NASDAQ:NYSE:APD) on Thursday elected three out of four director candidates proposed by activist investor Mantle Ridge Capital Management to the company's nine-member board, according to a Reuters source familiar with the situation.
This election concludes a highly contested board dispute, involving an octogenarian chief executive and a hedge fund manager, who had assisted in his appointment to the company's board ten years earlier. The company is anticipated to make an official announcement regarding the election results at its annual meeting on Thursday.
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