Linde Expects Squeeze-Out Payment in Praxair Merger of EUR188.24 a Share
16 October 2018 - 2:45AM
Dow Jones News
By Pietro Lombardi
Linde AG (LINU.XE) said Monday that the cash compensation in a
squeeze-out of minority shareholders is expected to be 188.24 euros
($217.5) for each Linde share if its proposed merger with Praxair
Inc. (PX) is successful.
Linde and Praxair have been pursuing a merger for about two
years, a combination that would create an entity with a market
capitalization of nearly $80 billion and annual revenue of more
than $30 billion.
"The final determination of the cash compensation by Linde
Intermediate Holding AG will occur after the finalization of the
valuation and auditing activities," Linde said.
Read more about the Linde-Praxair deal at
https://on.wsj.com/2RSccTv (WSJ paywall) or https://bit.ly/2MuK4qL
(NewsPlus).
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
October 15, 2018 11:30 ET (15:30 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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