The Federal Trade Commision (FTC) has granted early termination of the waiting period which will see Linde able to buy all outstanding Lincare common stock at $41.50 a share in cash.
The FTC announced today (Monday July 23rd) it has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”).
The termination of the HSR Act waiting period satisfies one of the conditions necessary for the consummation of the tender offer. The tender offer is scheduled to expire at 12:00 midnight, New York City time, on Tuesday, August 7, 2012 (which is the end of the day on August 7, 2012), unless the tender offer is extended.
Consummation of the tender offer remains subject to other customary conditions, including the tender of at least a majority of Lincare’s outstanding shares of common stock.
The Linde Group is a world-leading gases and engineering company with around 50,500 employees in more than 100 countries worldwide. In the 2011 financial year, it generated revenue of €13.787 bn.
The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment - in every one of its business areas, regions and locations across the globe. The group is committed to technologies and products that unite the goals of customer value and sustainable development.