Chemicals Industrial Gases

  • FRANKFURT, Sept 14- The chairman of German industrial gases group Linde said U.S. rival Praxair would still be the best partner for it but he did not foresee that merger talks would immediately resume after Linde's two top executives quit. "This question does not arise at the moment," Wolfgang Reitzle told German business daily Handelsblatt in an interview...

  • *Merger talks end after CEOs "agree to disagree"- sources. MUNICH/ LONDON, Sept 12- German industrial gases group Linde and U.S. rival Praxair have ended talks to create a $60- billion- plus market leader, they said on Monday, after failing to agree where to locate key activities and who would run the business. Linde shares dropped 7 percent to 138 euros, below the price at...

  • *Merger talks end after CEOs "agree to disagree"- sources. MUNICH/ LONDON, Sept 12- German industrial gases group Linde and U.S. rival Praxair have ended talks to create a $60- billion- plus market leader, they said on Monday, after failing to agree where to locate key activities and who would run the business. Linde shares had dropped 7.6 percent to 137.60 euros by 1243...

  • MUNICH/ LONDON, Sept 12- German industrial gases group Linde and U.S. rival Praxair have ended talks to create a $60- billion- plus market leader, they said on Monday, after failing to agree where to locate key activities and who would run the business. Linde shares had dropped 7.8 percent to 137.25 euros by 1040 GMT, below the price at which they were trading just...

  • Market Cap: $ 30 billion YTD Performance: +5% 52-Wk High/Low: $111.74 / $88.64 Cash & ST Investments as a % of Assets: 1% Total Debt as a % of Assets: 40% The Connecticut-based industrial gas supplier helps a wide variety of industries preserve foods, produce computer chips, reduce emissions, as well as clean and recycle waste water. The company introduced the first distribution system for liquid gas in 1917, and developed on-site gas supply by the end of WWII. In the 1960s, Praxair introduced n

    Germany's Linde and U.S. peer Praxair have ended merger talks that would have created a market leader with a value of more than $60 billion.

  • BERLIN— Industrial gas makers Linde AG and Praxair Inc. have abandoned their talks about a possible merger. Praxair, based in Danbury, Connecticut, issued a brief statement in which it "confirmed that its preliminary discussions with Linde AG regarding a potential merger have terminated. Praxair shares rose 53 cents to $117.94 in morning trading in New York.

  • FRANKFURT, Sept 12- German industrial gases group Linde and U.S. peer Praxair have ended merger talks that would have created a market leader with a value of more than $60 billion, they said on Monday, sending Linde's shares tumbling. Linde shares dropped almost 9 percent in early trading and by 0712 GMT were down 7.8 percent at 137.30 euros, at the bottom of the...

  • linde ceo merger talks with praxair

    M&A deals look good on paper but the challenge remains that it's about bringing two companies together, says Fidelity International's Paras Anand.

  • WASHINGTON, Sept 1- U.S. regulators on Thursday said they have approved American Air Liquide Holdings' bid to sell some of its assets to Matheson Tri-Gas in order to settle charges that its recent merger with Airgas Inc would have harmed industrial gas competition. France's Air Liquide SA, American Air Liquide Holdings' parent company, bought Airgas, the leader in...

  • Antitrust experts said the companies, which announced they were in early-stage talks on Tuesday, would likely have to agree to divestitures to create the world's largest industrial gas company with a market value of more than $60 billion. Antitrust enforcers will want to look at submarkets, "said Seth Bloom, formerly of the U.S. Department of Justice's...

  • *Deal would create No.1 player with value above $60 billion. NEW YORK/ MUNICH, Aug 16- U.S. industrial gas supplier Praxair Inc and German peer Linde AG said on Tuesday they were in early-stage talks about a merger to create a market leader with a value of more than $60 billion, sending their shares higher. Linde has a strong position in healthcare in North America,...

  • *Deal would create No.1 player with value above $60 billion. NEW YORK/ MUNICH, Aug 16- U.S. industrial gas supplier Praxair Inc and German peer Linde AG are in early-stage talks about a merger to create a market leader with a value of more than $60 billion, Linde said on Tuesday, sending shares in both companies higher. Linde has a strong position in healthcare in North...

  • FRANKFURT, Aug 16- German industrial gases group Linde on Tuesday confirmed it was in preliminary talks about a potential merger with U.S. peer Praxair. "These discussions are ongoing and have not resulted in any concrete results or agreements yet. Several people familiar with the matter had told Reuters earlier that Praxair and Linde had held initial talks...

  • *Deal would create No.1 player with value above $60 billion. NEW YORK/ FRANKFURT Aug 16- U.S. industrial gas supplier Praxair Inc and German peer Linde AG have held initial talks about a merger to create a market leader with a value of more than $60 billion, people familiar with the matter said, sending shares in Linde more than 7 percent higher. Details of the talks,...

  • *Deal would create No.1 player with value above $60 billion. Aug 16- U.S. industrial gas supplier Praxair Inc is in early-stage talks to acquire German peer Linde AG and create a market leader with a value of more than $60 billion, a person familiar with the matter said, sending shares in Linde higher. Shares in Linde jumped 5 percent to an eight-month high at 146.30...

  • Aug 15- Industrial gas supplier Praxair Inc is in early talks to merge with Germany's Linde AG, according to a person familiar with the matter. Analysts at that time pointed out that the deal would help Air Liquide overtake rivals including Linde AG, Air Products and Praxair to top spot in North America and speed diversification away from slow-growth Europe.

  • Aug 15- Industrial gas supplier Praxair Inc is in talks to merge with Germany's Linde AG, the Wall Street Journal reported on Monday, citing people familiar with the matter. Details of the talks were not immediately clear and the Journal quoted one source as saying any potential deal could fall apart. http://on.wsj.com/2b9Njz2. The companies could not be...

  • WASHINGTON, May 13- A merger of industrial gas suppliers Air Liquide and Airgas Inc has been approved with conditions, the Federal Trade Commission said on Friday. To win approval for the deal, which was valued at $13.4 billion when it was announced in November, the companies agreed to sell assets used to produce bulk oxygen, bulk nitrogen, bulk argon and other...

  • Nigeria needs to fix these energy issues

    Bolaji Osunsanya, president of the Nigerian Gas Association and CEO of Oando Gas & Power, discusses the issues the new Nigerian president must address in the gas industry.

  • Plunging Oil Prices Are Big Boost for US Drivers

    Gasoline futures continued to trade higher in the electronic session Thursday as the latest track of Hurricane Sandy looked headed straight for the heart of the East Coast refining industry.