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Bubbling up

9 January 2017 By Rachel Morarjee

The $31 bln gas giant is circling Hong Kong-listed Yingde. Inbound Chinese M&A has all but evaporated but Air Products’ timing is good: big debts and a boardroom fight have shrunk the target’s market value to $700 mln. An existing Chinese presence would help de-risk any deal.

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