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Germany: Pre-merger shareholder vote request rejected

By  |  April 11, 2017

Germany’s Linde has for a second time rejected a request for a shareholder vote at its annual general meeting next month on its planned $65 billion merger with US industrial gases rival Praxair.

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    Linde said shareholders would in any case have to decide individually whether to accept a public offer from the new combined holding company, so a vote at the annual general meeting on May 10 would not be appropriate.

    “Even if a qualified majority of Linde shareholders would accept the exchange offer, not a single Linde shareholder will be forced to exchange his shares,” it said in a filing to the US Securities and Exchange Commission.

    Linde was rejecting a renewed request from German private-investor association DSW, which came on behalf of shareholders Aberdeen Asset Management and BayernInvest.

    Full Content: Yahoo

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