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Praxair Inc (PX.N)

PX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Praxair Signs Contracts to Install OPTIMELT and Oxygen Supply Systems with Glassmaker
Tuesday, 12 Apr 2016 09:40am EDT 

Praxair, Inc:signed a contract with Libbey, one of glassware and tableware manufacturers globally, to supply it with Praxair's OPTIMELTthermochemical regenerator (TCR) system.also entered into a long-term contract with Libbey to deliver oxygen to its glass melting facility in the Netherlands through a non-cryogenic, vacuum pressure swing adsorption (VPSA) system.Both the OPTIMELT TCR system and the 60 ton-per-day VPSA oxygen on-site supply system are scheduled to start up in 2017.  Full Article

Praxair, Inc declares annual dividend increase in Q1
Friday, 29 Jan 2016 06:00am EST 

Praxair, Inc:Declares 23rd consecutive annual dividend increase in first quarter 2016.Increases quarterly dividend by 5 percent to $0.75 per share.  Full Article

Praxair Inc signs long-term contract with Total and Further Expands Pipeline Network in the Port of Antwerp
Tuesday, 26 Jan 2016 09:30am EST 

Praxair Inc:Announced it has signed a 15-year contract to supply oxygen and nitrogen to Total in the Port of Antwerp.Praxair expects the oxygen and nitrogen pipeline supply to be operational in the second half of 2016.  Full Article

Praxair Inc Surface Technologies and GE Aviation to form joint venture
Tuesday, 19 Jan 2016 03:15pm EST 

Praxair Inc:Says GE Aviation and Praxair Surface Technologies Inc have entered into a definitive agreement to form a joint venture for the development, support and application of specialized coatings.Says Praxair Surface Technologies will be the majority owner of the venture and will consolidate results.Says parties plan to begin operations during the second quarter of 2016, once regulatory approvals are obtained.  Full Article

Praxair Inc declares dividend in fourth quarter 2015
Thursday, 29 Oct 2015 06:00am EDT 

Praxair Inc:Declared a quarterly dividend of 71.5 cents per share, unchanged from the previous quarter.Payable on December 15 to shareholders of record date as on December 7.  Full Article

Praxair Inc expands business in Peru with acquisition of Tecnogas
Thursday, 24 Sep 2015 09:30am EDT 

Praxair Inc:Acquired Tecnogas, a local producer and distributor of carbon dioxide and industrial gases in Peru. Financial terms of the transaction were not disclosed.Financial terms of the transaction were not disclosed.  Full Article

Praxair Inc prices $750 million notes
Monday, 21 Sep 2015 06:24pm EDT 

Praxair Inc:Has priced $300 million of 2.25 pct notes due Sept. 24, 2020 and $450 million of 3.20 pct notes due Jan. 30, 2026.The notes are being offered under its shelf registration statement filed with the U.S. Securities and Exchange Commission.The offering is led by Citigroup Global Markets Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Mitsubishi UFJ Securities (USA), Inc.Offering is expected to close on Sept. 24.Using the proceeds of the offering for general corporate purposes, including the repayment of outstanding indebtedness.  Full Article

Praxair signs agreement to acquire Yara European Carbon Dioxide Business
Tuesday, 15 Sep 2015 02:00am EDT 

Praxair Inc:Says it has signed an agreement to acquire Yara International ASA's (Yara) European CO2business.Says the proposed transaction also includes Praxair's acquisition of Yara's remaining 34% stake in the Yara Praxair Holding AS industrial gas joint venture in Scandinavias.Says the investment for both transactions is expected to be 312 million euros.  Full Article

Praxair signs long-term helium purchase agreement
Tuesday, 8 Sep 2015 09:00am EDT 

Praxair Inc:Announced today that it has taken another step in enhancing its helium supply portfolio by signing a long-term agreement for the purchase of helium from Nacogdoches Oil & Gas.NOG will supply up to 100 million scf per year of helium under the agreement, with the potential for further expansion.  Full Article

Praxair Inc gives Q3 2015 EPS guidance below analysts' estimates; lowers FY 2015 EPS guidance; authorizes new share repurchase program
Wednesday, 29 Jul 2015 06:01am EDT 

Praxair Inc:Expects Q3 2015 earnings per share in the range of $1.42-$1.49.Expects FY 2015 earnings per share in the range of $5.80-$5.95.Q3 2015 EPS of $1.57 - Thomson Reuters I/B/E/S.FY 2015 EPS of $5.99 - Thomson Reuters I/B/E/S.Authorizes new share repurchase program for up to $1.5 billion of Praxair's common stock.Says it has about $500 million of repurchase authority available under its previously announced buyback authorization from January 2014, giving it about $2.0 billion available for stock repurchases under these programs.Says the repurchases will be financed by available cash and debt.  Full Article

More From Around the Web

BRIEF-Soroban Capital reports 6.2 pct passive stake in Praxair - SEC filing

* Soroban Capital GP LLC reports 6.2 percent passive stake in Praxair Inc as of April 18, 2017 - SEC filing Source text: (http://bit.ly/2qc9cGR) Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)