Linde plc’s Board of Directors has authorised a share repurchase programme for up to $6bn of its ordinary shares.
“Linde plc is committed to investing for future growth, paying a competitive dividend and maintaining an A/A2 credit rating,” said Steve Angel, CEO of Linde plc. “And while there continues to be attractive growth opportunities within our investment criteria, the merger of our two strong companies has resulted in surplus cash. Today’s announcement of the new $6bn stock repurchase program is an opportunity for us to share this surplus with our owners.”
Pursuant to European Market Abuse Regulation (MAR) requirements, this repurchase program must set forth a maximum repurchase amount and an expiration date, which the board has set at 15% of outstanding shares and 1st February (2021), respectively.
Linde plc has announced its Board of Directors has authorised a share repurchase programme for up to $1bn of its ordinary shares.
Linde Intermediate Holding AG (Linde Intermediate) has confirmed shareholders will be offered an extra €1.22 to help complete a merger with Praxair, raising a squeeze-out offer to €189.46 per share.
Month on month the gasworld website continues to be the primary portal for information, on a global scale, about our industry - be it through the provision of news and features, or information in the expansive company directory section. Launched in 2004, it is the only independent online news provider and information portal for the global industrial gas community and the larger end-user markets. The website also now incorporates news for gasworld US and Specialty Gas Report.
To find out more about gasworld's advertising opportunities click here.