Linde PLC has published an offer document regarding its voluntary public takeover offer in the form of an Exchange Offer to the shareholders of Linde AG to acquire all ordinary bearer shares without par value of Linde AG.
The settlement of the Exchange Offer is subject to various closing conditions including, inter alia, an acceptance of the Exchange Offer by 75% of all Linde shares entitled to voting rights as further described in the offer document.
Linde PLC decided to lower the minimum acceptance ratio for the Exchange Offer from 75% to 60% following the consent by Linde AG and Praxair, Inc.
Due to such amendment to the offer document, the acceptance period of the Exchange Offer will be extended by two weeks. Therefore, the lowered minimum acceptance ratio has to be reached by 7th November 2017.
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