After a year when Chinese companies bought record numbers of American firms, a U.S. company is getting a rare shot at a big takeover in China. Allentown, Pa.-based Air Products & Chemicals Inc., a maker of industrial gases, is looking for a bigger foothold in the Chinese market. In December, it got an unexpected opening, after a boardroom battle at China’s biggest industrial-gas maker, Yingde Gases Group Co., effectively put the...

Source: Wall Street Journal March 07, 2017 14:48 UTC