6/1/2017, 8:29 PM (Source: TeleTrader)
more TeleTrader news

Linde, Praxair agree on $73 billion merger

German Linde AG and United States–based Praxair Inc. said on Thursday they have made an agreement to merge their businesses and that way form the largest company in the industrial gas sector, with a market value of $73 billion. According to the press release, the all-stock merger is expected to be finalized in the second half of 2018.

Aldo Belloni, Linde chief executive, said the merger was "once-in-a-lifetime opportunity."

"The combined company will give us the opportunity to leverage the individual strengths of both companies across a much larger global footprint and enhance our ability to drive innovation and growth," said Steve Angel, chairman and chief executive of Praxair, which is headquartered in Connecticut.

Breaking the News / DN