Air Products Suffers Worst Loss on S&P After Nearing Yara Deal for Louisiana Blue Hydrogen Plant
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TL;DR
Air Products' stock fell sharply after reports of advanced talks to buy Yara's Louisiana blue hydrogen plant, marking its worst performance on the S&P 500.
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Air Products and ChemicalsAir Productsblue hydrogenS&P 500Yara Internationalstock decline
Air Products (APD) shares plunged by -9.4% on Monday, making it the biggest loser on the S&P 500, after it was reported that the company is in advanced negotiations with Yara International (YARIY) to acquire its Louisiana blue hydrogen plant. The deal is expected to be a significant development in the blue hydrogen market.
