The Praxair, Inc. and Linde AG story will not be going full circle anytime soon, after both companies announced the termination of talks over a potential merger.
Though Linde said that the ‘strategic rationale’ of a merger has been principally confirmed, talks never progressed beyond a preliminary stage.
A [Linde] disclosure of an inside information according to Article 17 MAR, transmitted by DGAP, explained, “The shareholder representatives in the supervisory board of Linde AG recommend, in consensus with the CEO of Linde AG, to the management and supervisory board of the company to terminate the preliminary talks with Praxair, Inc. about a potential merger.”
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