A PYMNTS Company

US: Linde, Praxair choose bidders for antitrust clearance sale

By  |  April 12, 2018

According to Reuters’ sources, gases groups Linde and Praxair have picked second-round bidders for a package of planned divestitures to facilitate their planned US$79 billion merger,

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The companies have invited buyout firm CVC, which has tied up with gases group Messer, to make further bids, as well as private equity investors Carlyle, Onex, Blackstone, the sources said, adding that the investors are expected to bid for all assets on offer.

    Linde and Praxair have put a package of US-based assets up for sale. In a bid to appeal to regulators and to attract a broad range of suitors, the European assets have been split into two alternative bundles, only one of which would be sold, the sources said.

    Japan’s Taiyo Nippon Sanso is also still in the auction and expected to bid for the European operations, while the Canada Pension Plan Investment Board is expected to join a bidder as a co-investor, Reuters reported.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.