Air Liquide Has Room for Share Buyback -- Market Talk
Dow Jones2026/09/01 14:201420 GMT - Air Liquide has room for some incremental improvements should activist investor Elliott Management push for them, and could announce a share buyback at an event with investors next month, analysts at Bernstein say in a research note. Press reports indicated Elliott has taken a stake in the French supplier of industrial gases. Elliott declined to comment, and Air Liquide didn't respond to a request for comment. "There isn't an obvious traditional activist playbook for Air Liquide," Bernstein says. The company has worked on cutting costs and improving profitability and has a record order backlog, the analysts say. The recent acquisition of DIG Airgas means Air Liquide's balance sheet is less underutilized than in the past, they add. However, Air Liquide likely has room for a 6 billion-euro buyback, according to Bernstein. Shares rise 2.2%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
September 01, 2026 10:20 ET (14:20 GMT)
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