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Chemicals Industrial Gases

  • FRANKFURT/ MUNICH, March 30- Linde labour representatives will vote against the German industrial gases group's planned $65 billion merger with U.S. rival Praxair, the head of the German works council told Reuters on Thursday, in a move that could scupper the deal. The merger would entail significant job losses to achieve the promised $1 billion of synergies,...

  • FRANKFURT/ MUNICH, March 30- Linde labour representatives threatened on Thursday to scupper the German industrial gases group's planned $65 billion merger with U.S. rival Praxair, urging their board members to vote against the deal and enlisting Berlin's support. The merger would entail significant job losses in European Union countries outside Germany to...

  • BERLIN, March 29- European worker representatives of German industrial gases group Linde are opposed to a merger with U.S. rival Praxair and want labor members of the supervisory board to vote against the deal, a letter seen by Reuters shows. The German and U.S. industrial-gases groups are working to finalize terms of a merger that would create a $30 billion...

  • PARIS, March 27- French oil and gas major Total said it aims to become a major player in the U.S. polyethylene market as it announced a $1.7 billion joint venture on Monday with Austria's Borealis and Canada's Nova Chemical. The new venture plans to build a 1 million tonne per year ethane steam cracker in Port Arthur, Texas, and is also considering building a 625,000...

  • MUNICH, Germany, March 2- German worker opposition to Linde's planned merger with Praxair has resurfaced after trade union IG Metall learned of a message from Praxair's chief executive promising to run the company in the style of more profitable Praxair. The German and U.S. industrial-gases groups are working to finalise terms of a merger that would create a...

  • FRANKFURT, Dec 20- German industrial gases group Linde and U.S. suitor Praxair have agreed an outline for a $65 billion- plus merger, with the combined company to be run out of the United States by Praxair's chief executive. The agreement, unveiled on Tuesday, comes after Praxair provided new assurances to Linde over jobs and corporate governance in Germany,...

  • FRANKFURT, Dec 20- German industrial gases group Linde and U.S. suitor Praxair have agreed an outline for a $65 billion- plus merger, with the combined company to be run out of the United States by Praxair's chief executive. The agreement, unveiled on Tuesday, comes after Praxair provided new assurances to Linde over jobs and corporate governance in Germany,...

  • *CEO to be based at Praxair HQ in Connecticut. FRANKFURT, Dec 20- Linde AG, the German company that revived merger talks this month with U.S. rival Praxair Inc, has come to an agreement with its counterpart on key aspects of an all-share deal to create a $65 billion industrial gases group. Under the proposed merger, existing Linde and Praxair shareholders would each...

  • The move comes after Danbury, Connecticut- based Praxair provided new assurances to Munich, Germany- based Linde over corporate governance and jobs, the sources said. Its previous bid to create a $65 billion industrial gas giant failed in September amid disagreements over these issues. German unions IG BCE and IG Metall have struck a deal with Linde's...

  • FRANKFURT, Dec 7- Germany's Linde agreed to revive talks with U.S. rival Praxair to create a $65 billion industrial gases giant which will have its main operations run from Connecticut, two sources familiar with the deal said on Wednesday. But a combined company will have its operating base in Danbury, Connecticut, where Praxair is headquartered and Praxair's...

  • FRANKFURT, Dec 7- German industrial gases group Linde has invited U.S. rival Praxair to resume merger negotiations after Praxair offered concessions on the division of power in the combined entity, defusing a dispute which led to the collapse of talks two months ago. At the same time Linde's chief executive Wolfgang Buechele has stepped down with immediate...

  • FRANKFURT, Dec 7- German industrial gases group Linde on Wednesday invited U.S. rival Praxair to negotiate a merger of equals after Praxair defused some contentious issues that had led to the failure of an initial approach. Linde also said after a meeting of its supervisory board on Wednesday that its Chief Executive Wolfgang Buechele would step down sooner...

  • FRANKFURT, Dec 7- German industrial gases group Linde on Wednesday invited U.S. rival Praxair to negotiate a merger of equals after Praxair defused some contentious issues that had led to the failure of an initial approach. Linde also said after a meeting of its supervisory board on Wednesday that its Chief Executive Wolfgang Buechele would step down sooner...

  • FRANKFURT, Dec 7- German industrial gases group Linde on Wednesday said it would resume talks about a potential merger of equals with Praxair after the U.S. rival made changes to its initial deal proposal. Linde also said after a meeting of its supervisory board on Wednesday that its Chief Executive Wolfgang Buechele will step down and will be replaced by...

  • *Blackstone, KKR and Carlyle among bidders-Money Today. SEOUL, Dec 2- SK Holdings Co said it submitted a non-binding bid to buy South Korea's second-biggest producer of industrial gases that has been put up for sale by Goldman Sachs and others, in a deal a source said could be valued at around $2 billion. SK Holdings, a conglomerate holding company, made the...

  • FRANKFURT, Dec 1- Linde supervisory board Chairman Wolfgang Reitzle is still in favour of a tie-up between the German industrial gases maker and U.S. rival Praxair, which has made a renewed merger proposal, German newspaper Handelsblatt reported. Praxair's recent concessions to Linde include giving the German group's Munich headquarters a bigger role than...

  • *Linde supervisory board to convene Dec. 7- source. FRANKFURT/ MUNICH, Nov 29- U.S. industrial gases group Praxair has revived efforts to combine with German rival Linde, seeking to overcome differences over key personnel and location of headquarters that scuppered previous talks in September. A person close to Munich- based Linde, which also operates medical gas...

  • MUNICH/ FRANKFURT, Nov 30- German industrial gases group Linde's supervisory board is expected to discuss a fresh merger overture by Praxair at its next regular meeting on Dec. 7, a person familiar with the matter told Reuters on Wednesday. The two parties abandoned talks in September to create a $60 billion- plus market leader after failing to agree on where...

  • FRANKFURT, Nov 29- German industrial gases group Linde has received a fresh approach from U.S. rival Praxair for a merger of equals and its executive board is reviewing the proposal. Linde's shares were up 3.7 percent in after-hours trading in Frankfurt. Praxair's shares closed up 2.9 percent at $122.18 in New York.

  • FRANKFURT, Nov 29- German industrial gases group Linde has received a fresh approach from U.S. rival Praxair for a merger of equals and its executive board is reviewing the proposal, Linde said in a statement on Tuesday. Linde shares were up 3.7 percent in after-hours trading in Frankfurt. Praxair shares rose 3.9 percent in New York.