Re-engaged: Praxair moves to revive game-changing merger, Linde confirms proposal


Widespread reports this morning are suggesting that talks could be back on the table between Praxair Inc. and The Linde Group regarding a merger of equals that would redefine the structure of the global industrial gases business for the second time in the last 12 months.

Praxair has issued a brief statement confirming that it has approached Linde AG about resuming discussions. Linde confirmed it is reviewing the proposal.

News of preliminary discussions between the two companies broke in August this year, creating a flurry of speculation. The ink had barely dried on another game-changing acquisition in the industry; talks came just weeks after fellow Tier One player Air Liquide had itself closed the $13.4bn acquisition of Airgas, Inc.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...