It’s on: Board approvals and conclusion have been reached in a definitive Business Combination Agreement for the mega merger of equals between Praxair, Inc. and The Linde Group, with only antitrust approval and legal due diligence standing between the deal and a 2018 completion.
The merger will change the face of the global industrial gases business, bringing together two leading companies in the industry and leveraging the proven strengths of each.
The transaction will unite Linde’s long-held leadership in technology with Praxair’s renowned operational excellence, creating a global leader in the process. Based on 2016 reported results, it would create a company with pro forma revenues of approximately $29bn (€27bn), prior to any divestitures, and a current market value in excess of $70bn (€66bn).
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