UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | September 24, 2007 |
Air Products and Chemicals, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 1-4534 | 23-1274455 |
|
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 7201 Hamilton Boulevard, Allentown, Pennsylvania | 18195-1501 | |
|
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 610 481-4911 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
On September 24, 2007, the company issued a press release announcing the Board of Directors has authorized an additional $1 billion for repurchase of shares of Common Stock. A copy of the press release is atttached at Exhibit 99.1 to this Form 8-K. The information in the press release is being furnished;it is not deemed to be filed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Air Products and Chemicals, Inc. | ||||
| September 24, 2007 | By: |
Paul E. Huck
|
||
|
|
||||
| Name: Paul E. Huck | ||||
| Title: Vice President and Chief Financial Officer | ||||
Exhibit Index
| Exhibit No. | Description | |
|
|
|
|
|
99.1
|
Press Release |
News Release
Air Products and Chemicals, Inc.
7201 Hamilton Boulevard
Allentown, PA 18195-1501
AIR PRODUCTS BOARD AUTHORIZES ADDITIONAL
$1 BILLION SHARE REPURCHASE PROGRAM
LEHIGH VALLEY, Pa. (September 24, 2007) – The Board of Directors of Air Products (NYSE:APD) has authorized the repurchase of up to $1 billion of its common stock, reflecting the company’s continued financial strength.
The Board action will allow the company the flexibility to repurchase shares at its discretion while maintaining sufficient funds for investing in its businesses and growth opportunities.
“We are focused on shareholder returns, and this latest authorization reflects ongoing confidence in both our financial outlook and opportunities for growth fueled by the continued strength of our cash flows and balance sheet,” said John Jones, Chairman and Chief Executive Officer.
The latest action is in addition to an existing $1.5 billion share repurchase program announced in March 2006. The company has repurchased more than $1 billion under its existing $1.5 billion plan.
Last week, the Board of Directors also declared a quarterly dividend of 38 cents per share of common stock. The dividend is payable on November 12, 2007 to shareholders of record at the close of business on October 1, 2007.
Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of $9 billion, operations in over 40 countries, and over 20,000 employees around the globe. For more information, visit www.airproducts.com.
***NOTE: This release may contain forward-looking statements. Actual results could vary materially, due to changes in current expectations.
# # #
Media Inquiries:
Katie McDonald, tel: (610) 481-4673; e-mail: mcdonace@airproducts.com
Investor Inquiries:
Nelson Squires, tel: (610) 481-7461; e-mail: squirenj@airproducts.com