Industrial-gas maker Air Products and Chemicals has reported a fiscal third-quarter income of $253.2 million, an increase from $113.2 million in the year-ago period, as the company's sales jumped 14%, to $2.25 billion. The company has been trying to acquire rival Airgas with a $5.3 billion bid, but Airgas' board on Wednesday unanimously rejected the offer. Air Products also revised the low end of its fiscal-year projection higher, as "new business and backlog" figure to help the company's fourth-quarter profit, this article notes.

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