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Praxair, Linde confirm merger deal

Published 06/01/2017, 01:07 PM
© Reuters.  Praxair, Linde confirm merger deal
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Praxair Inc
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  • Praxair (PX +0.8%) and Linde Group (OTCPK:LNAGF, OTCPK:LNEGY) announce a merger of equals in an all-stock deal creating the world’s largest supplier of industrial gases, ending months of suspense about whether the deal would go through.
  • Linde shareholders will be offered 1.54 shares in the new company for each Linde share and PX shareholders will receive one share in the new company for each PX share.
  • The deal, coming amid industry consolidation after France’s Air Liquide (PA:AIRP)'s $13B acquisition of Airgas (NYSE:ARG) last year, is expected to face scrutiny from antitrust regulators.
  • Now read: 2017 Investor Day Presentation


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