Top Mergers Of 2016: Linde And Praxair Would Be Second On The List By Dollar Value
December 24, 2016
‘Tis the season of shopping, and Praxair Inc. appeared to be feeling the holiday spirit early this week.
The Danbury, Connecticut-based industrial gas company announced its intentions to buy German competitor Linde for at least $35 billion on Tuesday, a move that would place it among the most valuable mergers of 2016.
The deal isn’t likely to reach completion by year’s end: The companies expect to seal the deal “in the coming months,” according to a Praxair news release.