November 24, 2017 / 6:52 PM / 3 months ago

Linde gets 90 percent shareholder backing for Praxair merger

FRANKFURT (Reuters) - Industrial gases group Linde (LING.DE) said on Friday it had received approval from 90 percent of its shareholders for its planned $80 billion tie-up with Praxair (PX.N).

    If the merger completes, Linde would be in a position to initiate a so-called squeeze-out of minority shareholders under German law, Linde said in an update on the merger as required under stock exchange rules.

    It said that no decision with respect to such a squeeze-out had yet been taken. The deal is subject to regulatory approvals.

    Reporting by Douglas Busvine; Editing by Susan Fenton

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below