Linde AG has been informed of the decision of the European Commission to suspend the review period for the merger clearance process regarding the business combination of Linde and Praxair, Inc.
Once the European Commission has received the requested information, the merger clearance process can be backdated to the 24th February 2018.
Such decisions are not uncommon in complex proceedings of this kind. Linde expects that the suspension will be lifted in the course of next week and that the review period will then continue to run.
The merger partners continue to work on completing the business combination as planned in the second half of 2018.
The final Exchange Offer results for Linde AG have been revealed with 92% of shareholders tendering.
Concerns the proposed $70bn coming together of Praxair, Inc. and The Linde Group may reduce competition in the supply of several crucial gases have been raised by the European Commission as it opens an in-depth investigation into the merger.
For many on the outside, it may seem like the trail has gone cold on this mega merger of equals. Having been through various stages of agreement in principle and shareholder approvals, there is now a certain sense of dormancy during divestment season. Rob Cockerill looks at what the deal ...
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