On Monday, October 22, Industrial gases groups Praxair and Linde won US antitrust approval for their US$86 billion merger, clearing the last hurdle for the deal.
The all-share merger of equals will create an industry leader with revenues of about US$27 billion based on 2017 figures, and 80,000 employees across more than 100 countries, which will be called Linde.
The merger will make it bigger than France’s Air Liquide, which had also bulked up with the takeover of rival Airgas.
This month Linde also stated that the proposed business combination between Praxair and Linde received antitrust clearance in South Korea.
Full Content: Reuters
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