Posted May 24, 2017

Praxair and Linde agree to merge

Praxair has reached agreement in principle on the terms and conditions of a business combination agreement with Linde AG.

Under the agreement, the companies would combine their businesses in a merger of equals under a new holding company through an all-stock transaction, consistent with the transaction structure that the companies announced on Dec. 20, 2016. The BCA is subject to approval by the board of directors of Praxair and the executive board and supervisory board of Linde. If such approvals are obtained and the BCA is executed, the transaction will be subject to additional conditions that will be disclosed in the regulatory filings that would be made with the Securities and Exchange Commission and the German Federal Financial Supervisory Authority.