Mr. McCausland agreed that recessions provide good opportunities to complete acquisitions on favorable terms, if you can find a willing seller.
McCausland testified to his belief that the by-law removing the staggered board would shift bargaining power to Air Products was illegal. McCausland stated that he took the vote as a message to Air Products to "stay in the game," and not as a disagreement with Airgas's resistance to Air Products' offers.
CVN continues to webcast all public portions of the Air Products v. Airgas trial.