Linde, Praxair Agree on Essential Terms on Potential Merger
(Bloomberg) -- Linde and Praxair agree on essential terms on potential merger of equals.
- Transaction and public exchange offer is based on a 50:50 valuation ratio of Linde and Praxair
- Linde shareholders would receive 1.540 shares in new holding company for each Linde share
- Praxair shareholders would receive one share in new holding company for each Praxair share
- New holding company shall be listed on NYSE and on Frankfurt Stock Exchange
- Membership in board of combined company will be split 50:50 between Linde and Praxair
Link to Statement:Link
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HALISTERSource: BFW (Bloomberg First Word)
Tickers LIN GR (Linde AG)
PX US (Praxair Inc)
ACCC US (ACC Corp/US)
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