With news of a potential merger between Praxair, Inc. and Linde AG dominating the headlines for the past several months, the deal looks like its back on the table after both Tier One players put out official statements today of their intention to combine.
If successful, the united company would hold a current market value in excess of $65bn – taking the top spot as the largest industrial gas company in the world and eclipsing Air Liquide’s recent $13.4bn acquisition of Airgas in May.
The transaction, if completed, is expected to result in approximately $1bn in annual synergies. So, what are the next steps?
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