Key Developments: Praxair Inc (PX.N)

PX.N on New York Stock Exchange

127.72USD
24 Oct 2014
Price Change (% chg)

$1.14 (+0.90%)
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Latest Key Developments (Source: Significant Developments)

Praxair Inc acquires packaged gas distributors in Texas and Oklahoma
Tuesday, 11 Mar 2014 02:52pm EDT 

Praxair Inc:Acquired two independent distributors of packaged gas and welding supplies United Welding Supplies, LLC (United) in Texas and Best Welders Supply, Inc.Financial terms of the transactions were not disclosed.  Full Article

Praxair Inc Prices 600 mln euros of 1.500pct Notes Due 2020
Tuesday, 4 Mar 2014 02:34pm EST 

Praxair Inc:Priced 600 mln Euros of 1.500 pct notes due Mar. 11, 2020.Says the notes are being offered under its shelf registration statement filed with the U.S. Securities and Exchange Commission.Says the offering is led by Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch and HSBC Bank plc.The offering is expected to close on Mar. 11.The proceeds will be used for general corporate purposes, including repayment of debt and share repurchases.  Full Article

Praxair Inc completes purchase of Praxair Distribution Mid-Atlantic, LLC
Monday, 3 Feb 2014 04:01pm EST 

Praxair Inc:Says it has completed the acquisition of Praxair Distribution Mid-Atlantic, LLC (PDMA), its industrial gases distribution joint venture.Praxair previously held a majority ownership stake in the business.Says terms of the agreement were not disclosed.  Full Article

Praxair Inc issues Q1 2014 EPS And FY 2014 guidance below analysts' estimates
Wednesday, 29 Jan 2014 06:01am EST 

Praxair Inc:Expects Q1 2014 diluted earnings per share in the range of $1.48-$1.53, up 7% to 11%.Expects FY 2014 sales in the range of $12.3-$12.8 bln.Expects FY 2014 EPS in the range of $6.25 to $6.55.Says sales guidance assumes a negative currency impact of about 3% versus 2013 based on current exchange rates.Q1 2014 EPS of $1.57 -Thomson Reuters I/B/E/S.FY 2014 revenue of $12.84 bln and EPS of $6.66 - Thomson Reuters I/B/E/S.  Full Article

Praxair Inc authorizes new share repurchase program; declares dividend increase
Wednesday, 29 Jan 2014 06:00am EST 

Praxair Inc:Says it has authorized a new share repurchase program for up to $1.5 billion of its common stock.Says it has also declared an 8% increase in Praxair`s quarterly dividend to 65 cents per share, payable on Mar. 17 to common shareholders of record on Mar. 7.Says this is the 21st consecutive annual increase in Praxair`s dividend.  Full Article

Praxair Inc signs long-term supply agreement in brazil
Tuesday, 28 Jan 2014 09:00am EST 

Praxair Inc:Says it has signed a long-term contract to supply industrial gases to a new steel mill being built near the Port of Pecém in an international free trade zone in the state of Ceara, located in the northeast region of Brazil.Says the mill will be operated by Companhia Siderúrgica do Pecém(CSP), a joint venture between Brazilian Vale and South Korean Dongkuk Steel and Posco Steel.  Full Article

Praxair Inc signs long-term contract and expands enclave supply in South Korea
Thursday, 23 Jan 2014 09:00am EST 

Praxair Inc:Says it has signed a long-term contract with Taewoong Steel Co. LTD to supply high-purity oxygen to the company's steel mill facility in Busan, Korea.Says it will construct a new 180 tons per day air separation plant and pipeline in the Mieum Foreign Industrial Zone in Busan that will serve Taewoong, as well as new and other existing customers.  Full Article

Praxair Inc Prices $500 Million 1.900% Notes - Form 8-K
Tuesday, 5 Nov 2013 04:50pm EST 

Praxair Inc reported in its Form 8-K that on November 4, 2013, Praxair, Inc. (Company) priced $500,000,000 aggregate principal amount of 1.900% notes due February 28, 2019. The Notes will be sold on November 12, 2013 in a registered offering under the Securities Act of 1933, pursuant to the Company’s shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (SEC) on August 8, 2012. The material terms of the Notes are described in the Company’s prospectus supplement dated November 4, 2013 filed with the SEC on November 4, 2013. In connection with the pricing of the Notes, the Company entered into a Terms Agreement dated November 4, 2013 with Citigroup Global Markets Inc., as underwriter.  Full Article

Praxair Inc Announces Chief Financial Officer Suscession-Form 8-K
Wednesday, 30 Oct 2013 08:03am EDT 

Praxair Inc reported in its Form 8-K that on October 30, 2013, it issued a press release announcing that James S. Sawyer, Executive Vice President and Chief Financial Officer, will retire on December 31, 2013, and that Matthew J. White, currently President of Praxair Canada, will succeed Mr. Sawyer as Senior Vice President and Chief Financial Officer effective January 1, 2014.  Full Article

Praxair Inc Issues Q4 2013 EPS Guidance In Line with Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance; Lowers High End Of Prior FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates
Wednesday, 30 Oct 2013 06:02am EDT 

Praxair Inc announced that for fourth quarter of 2013, it expects diluted earnings per share (EPS) in the range of $1.52 to $1.57. For fiscal 2013, it expects diluted EPS to be in the range of $5.80 to $5.85 and adjusted diluted EPS to be in the range of $5.90 to $5.95 and sales in the area of $12 billion. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.57 for the fourth quarter of 2013; and EPS of $5.95 and revenue of $12 billion for fiscal 2013.  Full Article

Air Products CEO to focus on performance for now, not sale

- Air Products and Chemicals' new chief executive said he would aim to improve the operational performance of the company's businesses and generate cash before deciding on the sale of any unit.

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