Air Products & Chemicals Inc (APD): Bill Ackman Loads Up on Call Options

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Bill Ackman‘s Pershing Square has added a sizable collection of call options underlying shares of Air Products & Chemicals, Inc. (NYSE:APD) to its portfolio. A new 13D filing reveals that Ackman holds call options referencing just under 12.95 million shares of the company, which was its top holding at the end of 2015. The filing shows that said long position has remained unchanged since the end of 2015, at 20.55 million shares.

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MECS

MECS is the global leader in sulfuric acid process technology and related high performance products custom engineered for acid plant production environments. These process technologies combined with value added technologies for ethanol production, heat exchange and specialized air pollution control form a diversified and strong business positioned for serving customers world wide. MECS has built long term relationships throughout the world using strategically positioned local offices, sales reps and agents, joint ventures, licensees and a respected and experienced global supply chain. The foundations of MECS were constructed and began with Monsanto Enviro-Chem Systems Inc. This original company was formed as a wholly owned subsidiary of Monsanto Company in 1969 through a consolidation of several existing process technology, product and services businesses. Some of these businesses were established as early as 1917.

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Spotlight

MECS

MECS is the global leader in sulfuric acid process technology and related high performance products custom engineered for acid plant production environments. These process technologies combined with value added technologies for ethanol production, heat exchange and specialized air pollution control form a diversified and strong business positioned for serving customers world wide. MECS has built long term relationships throughout the world using strategically positioned local offices, sales reps and agents, joint ventures, licensees and a respected and experienced global supply chain. The foundations of MECS were constructed and began with Monsanto Enviro-Chem Systems Inc. This original company was formed as a wholly owned subsidiary of Monsanto Company in 1969 through a consolidation of several existing process technology, product and services businesses. Some of these businesses were established as early as 1917.

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