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Transportation & Distribution

Air Products makes hostile bid for Airgas

LEHIGH VALLEY, Pa. (February 11, 2010) – Air Products (NYSE: APD) today announced that it has commenced a fully financed tender offer for all outstanding common shares of Airgas, Inc. (NYSE: ARG) for $60.00 per share all in cash. The offer and withdrawal rights will expire at 12:00 midnight New York City time on April 9, 2010, unless extended.rnrnAir Products issued the following statement:rnr

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Public hearing scheduled for table games at Downs

HARRISBURG: The Pennsylvania Gaming Control Board today announced that it would hold a public hearing on Wednesday, February 24, 2010 to gather evidence, including public comment, on the petition submitted by Downs Racing, L.P., operator of the slot machine casino at Mohegan Sun at Pocono Downs, requesting authorization to conduct table games.rnr

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PPL reports decreased earnings

Closing the year with a strong fourth quarter, PPL Corporation (NYSE: PPL) on Friday (2/5) announced full-year earnings for 2009 that tracked well ahead of the company’s reported and ongoing earnings forecasts. rnr

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Bon-Ton sees January sales increase

YORK, Pa.--(BUSINESS WIRE)-- The Bon-Ton Stores, Inc. (NASDAQ: BONT) today announced comparable store sales for the four weeks ended January 30, 2010 increased 5.3%. Total sales for the four weeks increased 4.7% to $180.1 million compared with $172.0 million for the prior year period.rnr

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Ben Franklin approves investments

The Ben Franklin Technology Partners of Northeastern Pennsylvania’s (BFTP/NEP) Board of Directors approved the investment of $599,800 in support of regional economic development. The investments are with seven early-stage technology companies and two established manufacturers. rn r

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