Linde AG (LING.DE)
9 Dec 2016
FRANKFURT Labor unions have secured guarantees for a planned merger of Linde and U.S. rival Praxair , saying on Friday there would be no forced layoffs at Linde in Germany until Dec. 31, 2021 in case of a tie-up.
FRANKFURT Germany's Linde agreed to revive talks with U.S. rival Praxair to create a $65 billion industrial gases giant which will have its main operations run from Connecticut, two sources familiar with the deal said on Wednesday.
LONDON (Reuters Breakingviews) - The success of Linde’s new chief executive, Aldo Belloni, will be measured by an unusual yardstick: whether he can make himself redundant. The German industrial gases group on Wednesday hauled the 66-year-old out of retirement to secure a $65 billion merger with U.S. rival Praxair.
FRANKFURT Praxair's and Linde's shareholders are to own equal parts in the industrial gases group created by a proposed merger of the two companies, people close to the deal said.
FRANKFURT Linde supervisory board Chairman Wolfgang Reitzle is still in favor of a tie-up between the German industrial gases maker and U.S. rival Praxair , which has made a renewed merger proposal, German newspaper Handelsblatt reported.
FRANKFURT/MUNICH U.S. industrial gases group Praxair has revived efforts to combine with German rival Linde , seeking to overcome differences over key personnel and location of headquarters that scuppered previous talks in September.
MUNICH/FRANKFURT German industrial gases group Linde's supervisory board is expected to discuss a fresh merger overture by Praxair at its next regular meeting on December 7, a person familiar with the matter told Reuters on Wednesday.
FRANKFURT, Nov 29 German industrial gases group Linde has received a fresh approach from U.S. rival Praxair for a merger of equals and its executive board is reviewing the proposal.
BRIEF-Praxair confirms it has approached Linde AG about resuming discussions regarding potential merger
* Confirms company has approached Linde AG about resuming discussions regarding a potential merger
* Says received revised proposal concerning a potential merger of equals with Praxair Inc