Air Products and Chemicals contended that the contracts violated its corporate policy against risky investments.
He joined Air Products in 1963, working in the applied research and development department.
Air Products has announced plans to spin off its effort into a start-up company tentatively named Diamonex.
Air Products is currently working on several preeminent carbon capture and storage demonstration projects around the world.
Air Products has a strong emphasis on safety, placing it at a higher priority than both profits and sales.
The conference was sponsored by the council, Lehigh, and Air Products.
Air Products and Chemicals rose 2 1/4, to 65 1/4.
Air Products said the shares to be repurchased, whose value could be more than $600 million.
The site was subsequently occupied by a succession of businesses, latterly Air Products, which produced items for the chemical industry.
Air Products' industrial pipelines located there are unique to the metropolitan area.
