HALISTER: Linde Confirms Agreement in Principle With Praxair

Linde Confirms Agreement in Principle With Praxair

(Bloomberg) -- Linde, Praxair reached deal in principle on business combination agreement governing a planned merger of equals.
  • Conclusion of the agreement and execution of the transaction are subject to approval by the board of directors of Praxair as well as the management board and supervisory board of Linde
  • There is no assurance that a transaction will be consummated
  • Other conditions for the transaction are:
    • Approval by the shareholders meeting of Praxair with the required majority
    • Acceptance of the holding company’s public exchange offer by presumably a minimum of 75% of the outstanding Linde shares
    • Clearance of the transaction by the competent regulatory authorities
Link to Statement:Link

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
LIN GR (Linde AG)
PX US (Praxair Inc)

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