UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) 28 October 1998
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Air Products and Chemicals, Inc.
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(Exact name of registrant as specified in charter)
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Delaware 1-4534 23-1274455
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(State of other jurisdiction of incorporation) (Commission file number) (IRS Identification number)
7201 Hamilton Boulevard, Allentown, Pennsylvania 18195-1501
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(Address of principal executive offices) (Zip Code)
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Registrant's telephone number, including area code (610) 481-4911
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Item 5. Other Events.
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The Registrant's Board of Directors has authorized the repurchase
of up to 25 million shares of Air Products' stock. Based on its current
outlook, the Company expects to repurchase some $100 million to
$200 million of its shares under this new authorization in fiscal 1999.
NOTE: The forward-looking statements contained in this document are
based on current expectations regarding important risk factors and
uncertainties which include the impact and availability of cash flows
from operations and financings, and the need for capital for additions
to plant and equipment or acquisitions which are not currently included
in the Company's expectations.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Air Products and Chemicals, Inc.
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(Registrant)
Dated: 28 October 1998 By: /s/ James H. Agger
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James H. Agger
Senior Vice President
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