A meeting to confirm Air Liquide’s pending acquisition of Airgas has been scheduled for 23rd February 2016.

The conference is expected to seal the deal following approval from Airgas shareholders, receipt of necessary antitrust and other regulatory approvals, as well as additional customary closing conditions.

The Tier One players expect to complete the merger in the second or third quarter of this year, assuming prompt approval of the required regulatory clearances and satisfaction of other closing conditions.

In the transaction, representing a total enterprise value of $13.4bn, Airgas will become a wholly-owned subsidiary of Air Liquide.

The coalition was unanimously approved by each of the industrial gases company’s Boards of Directors, and on 22nd January 2016, Airgas filed its definitive proxy statement to obtain approval of the acquisition.

Specific companies were not disclosed, but Air Liquide’s loan agreement, signed on 17th December 2015, has been syndicated by a large group of international banks who have longstanding working relationships with Air Liquide.