Linde buys British BOC


Germany’s biggest industrial gases maker Linde has agreed to buy British BOC Group for 8 billion pounds ($14 billion) and becomes the world leader in the worldwide industrial gases market.

Linde will pay 1,600 pence a share in cash for BOC, which will recommend the bid to investors, the companies said in a statement today.

The offer represents a premium of 39 per cent to the closing price of 1,151 pence per BOC share on 23 January 2006, being the last business day prior to the announcement by BOC that it had received an approach from Linde.

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