Linde AG’s Executive and Supervisory Board has published a joint reasoned statement following the exchange offer by Linde plc dated 15th August 2017.
Praxair-Linde: SEC registration under ‘Linde plc’ declared effective
The recommended exchange offer means that Linde AG’s business will be brought under Linde plc conducted pursuant to German law, and Praxair Inc.’s business will be brought under Linde plc through a merger transaction in the US conducted pursuant to Delaware law.
The Executive Board and the majority in the Supervisory Board feel that the business combination is in the best interests of Linde AG, its shareholders and other stakeholders. Against this background, the entire Executive Board and the majority in the Supervisory Board recommend to the Linde shareholders to accept the exchange offer in order to participate in the new group which is combined under Linde plc.
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