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Germany: Linde-Praxair $65bn merger looking at delays

By  |  April 13, 2017

Linde and Praxair’s $65 billion merger talks are facing legal complexities that mean the agreement will not be finalised as planned before Linde’s annual shareholder meeting on May 10, a source familiar with the situation said.

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    The all-share US-German merger of equals is intended to create a market leader that will overtake France’s Air Liquide and reunite a global Linde group split by World War One a century ago.

    Adding to the complexities, the deal has met unexpectedly strong resistance from German trade unions who fear a dilution of their influence when the headquarters moves out of Germany and more profitable Praxair applies its operating practices worldwide.

    A Linde spokesman said the two companies were still working towards finalizing the business combination agreement before the AGM, but could not rule out that it would be later.

    Full Content: Reuters

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