Praxair-Linde: SEC registration under ‘Linde plc’ declared effective


The $70bn merger of Praxair, Inc. and The Linde Group has moved another step closer, after the registration statement filed with the US Securities and Exchange Commission (SEC) by Linde plc on 5th June, as amended, was declared effective yesterday (14th August).

The registration statement on Form S-4 was filed in connection with the proposed combination of the businesses under ‘Linde plc’ as the new holding company of the combined businesses.

Though this might seem a small detail in the grand scheme of the merger, it is nonetheless another sign that the deal is progressing as planned.

What it means is that Linde AG’s business will be brought under Linde plc through an exchange offer conducted pursuant to German law, and Praxair Inc.’s business will be brought under Linde plc through a merger transaction in the US conducted pursuant to Delaware law.

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