Praxair, Inc. and Linde AG have moved one step closer towards completing a merger of equals after signing an agreement in principle on the terms and conditions of a Business Combination Agreement (BCA).
The transaction, if successful, would create a new holding company through an all-stock transaction, consistent with the transaction structure that the companies announced on 20th December 2016.
The agreement in principle is still subject to Board approvals of both parties.
... to continue reading you must be subscribed
