The Linde Group’s acquisition of Lincare Holdings is now complete, after all outstanding shares of the Clearwater, FL-based company were acquired.

Linde had initially completed a tender offer which saw it purchase 88.85% of the shares of Lincare common stock then outstanding, at $41.50 per share in cash.

The group has now acquired all the remaining issued and outstanding shares by means of a short-form merger, whereby all such shares were converted into the right to receive the same $41.50 per share in cash that was paid in the tender offer.

The deal, estimated at a value of $4.6bn, sees Lincare become a wholly owned indirect subsidiary of Linde.