Praxair, Inc. and The Linde Group continue to aim for a conclusion in their prospective merger negotiations in the coming weeks.
The two companies had earlier targeted finalisation of a definitive Business Combination Agreement by early May (2017), having announced agreement on a non-binding term sheet governing the essential terms of a merger of equals in December.
An announcement had been conspicuous by its absence in recent weeks, with the ‘legal complexities’ of such a mega deal cited as the chief reason for the delay – leaving Linde unable to reflect on a conclusion to the agreement at its AGM (Annual General Meeting) yesterday as initially hoped.
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