1) Read the case of Air Products & Chemicals Inc v. Airgas inc. on pp. 808-809.

a) How was a tender offer effectuated here by Air products?

b) What takeover defense was employed by Airgas Inc.'s directors? Why would this deter takeover attempt by Air products?

c) What did Airgas shareholder's (including Air Products which owned some Airgas shares) do in response to the takeover defense employed by the directors?

d) Did the court allow the takeover defense? Why?

2) How is a corporation voluntarily terminated? Thanks!