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Chemicals Industrial Gases

  • 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.

  • Linde Group logo is seen at a company building in Munich-Pullach, Germany.

    Praxair and Linde stopped merger talks in September, ending a deal that would have created a company with a value of more than $60 billion.

  • SEOUL, Nov 25- South Korea's Daesung Industrial Gases, nearly half-owned by Goldman Sachs, will be put up for auction with first-round bids due in early December- a deal reportedly worth about 1.5 trillion won. Newspaper Korea Economic Daily reported this month that the deal, in which 100 percent of the company will be sold, is likely to be worth around 1.5 trillion...

  • MUNICH, Germany, Oct 28- German industrial gases group Linde said reviving merger talks with Praxair was not on the cards and announced a further restructuring programme instead on Friday, anticipating years of low growth. The reorganisation, which Linde announced alongside forecast-beating quarterly results, is designed to save an extra 370 million euros a...

  • MUNICH, Germany, Oct 28- German industrial gases group Linde is not considering reviving merger talks with rival Praxair, its outgoing chief executive told Reuters on Friday. "Praxair is not a live issue for us," Wolfgang Buechele said after the company presented a new restructuring plan involving thousands of job cuts, a likely exit from some markets and the...

  • MUNICH, Germany, Oct 28- German industrial gases group Linde announced a further restructuring programme on Friday, anticipating years of low growth, after last month's collapse of merger talks with U.S. rival Praxair. The strategy, which Linde announced on Friday alongside forecast-beating quarterly results, is designed to save an extra 370 million euros a...