According to Reuters, Linde, the industrial gases giant created by the merger of US group Praxair and German rival Linde, announced it would buy back up to US$6 billion of own shares, returning proceeds from assets it had to sell to win antitrust approval.
Under the repurchase program, Linde plans to acquire up to 15% of its outstanding shares between May 1, 2019, and February 1, 2021.
Linde may start the program earlier if its existing US$1 billion share repurchase programme is concluded ahead of schedule.
The two companies had to sell more than €8 billion (US$9.1 billion) in assets to win over global antitrust regulators to their merger.
Full Content: Yahoo
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
