Praxair, Linde inks formal merger agreement

Praxair, Linde inks formal merger agreement

9:40 AM, 26th May 2017
Linde AG head office in Munich, Germany. (File photo)
Linde AG head office in Munich, Germany. (File photo)

DANBURY, US: Praxair Inc (PX) has signed in principle a business combination agreement (BCA) with Linde AG, moving a step closer towards completing a merger of equals.

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 in December 2016.

The BCA is yet to be approval by the board of directors of Praxair and the executive board and supervisory board of Linde.

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