Discussions with various antitrust authorities have resulted in further indications that merger clearances of the business combination of Linde and Praxair could be subject to requirements more onerous than previously expected.
That’s according to a statement this weekend from Linde, informed itself by the US Federal Trade Commission (FTC) that expectations of further divestiture commitments and prospective purchasers are considered required for a merger clearance.
“Based on ongoing discussions with the FTC and other antitrust authorities and current knowledge, there is in addition a higher probability that a threshold for divestiture commitments, which is to be accepted by each contract party under the Business Combination Agreement, will be exceeded,” the Linde statement explained.
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