AIRGAS COMMENTS ON LAWSUIT AGAINST PRAXAIR.
Airgas, Inc. (NYSE: ARG) announced that yesterday, in a breach of contract suit brought by Airgas against Praxair, Inc. (NYSE: PX), the jury found in favor of the defendant. Neither side was awarded any monetary damages.
Gordon L. Keen, Jr., senior vice president - law and corporate development, commented, "We were disappointed in yesterday's outcome of our lawsuit against Praxair. We felt the evidence amply supported the claims made and we are considering what to do next."
Airgas, Inc. is the largest distributor of industrial, medical and specialty gases and related equipment, and the third largest distributor of safety supplies, in the United States. Airgas' integrated distributor network consists of more than 700 locations, including branch locations, distribution centers and inbound and outbound telemarketing operations. Airgas can be visited on the Internet at www.airgas.com.
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|Date:||Jul 2, 1999|
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