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Praxair revives $60bn merger talks with Linde

NEW YORK, November 30, 2016

US-based Praxair, a worldwide industrial gases company, has restarted negotiations with Germany’s Linde over a merger that would create a $60 billion industrial-gas giant, two months after previous talks broke down, a report said.

Praxair approached Linde last week and negotiations could begin soon, the Wall Street Journal (WSJ) quoted people familiar with the matter.

A statement from Linde said it “has received a revised proposal [from Praxair] concerning a potential merger of equals.” It added that the company’s executive board is reviewing the bid, according to WSJ.
 




Tags: merger | Linde | Praxair |

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