A PYMNTS Company

Germany: DSW investor group rejects Linde-Praxair merger offer

 |  October 9, 2017

German investors’ association DSW recommended on Monday, October 9, that shareholders in industrial gases group Linde not tender their shares in an exchange offer for its planned US$80 billion merger with Praxair. DSW said in a statement that the offer was too low.

“Why should a Linde shareholder swap their shares, if they are basically only being offered the current market value?” said DSW vice president Daniela Bergdolt. “Linde brings so many more values to this merger. That must be taken into consideration.”

The acceptance period ends at midnight on October 24. The planned all-share merger will create a global leader to overtake France’s Air Liquide with a combined market value of US$80 billion, revenue of US$28.7 billion and 88,000 staff.‍

Full Content: VR ZONE

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