Last year, Airgas successfully fended off a hostile $5.9 billion takeover bid from rival Air Products and Chemicals, in part by insisting that its shareholders would see a greater return if the deal did not go through.
Peter McCausland founded the Airgas in 1982 and, except for a short time during the takeover battle, has been chief executive and chairman since the company went public in 1987. He will be replaced as CEO in August, though, by Michael Molinini, who’s currently chief operating officer and has worked at the company for 15 years.
For some time, McCausland has been one of Jim Cramer’s favorite CEOs. So Cramer was happy to welcome him back to “Mad Money” to discuss what’s next for the company. Check back soon to see video of the full interview.
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—Reuters contributed to this report
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