Praxair, one of Danbury’s largest employers, is in talks to merge with Germany’s Linde AG, according to several published reports, and would create the world’s largest industrial gas supplier.
The company on Tuesday morning confirmed the report, but added in a release: “These discussions are ongoing and there can be no assurance that they will result in a transaction, or on what terms any transaction may occur.”
Praxiar said it would not comment further at this time.
Each company is valued at approximately $30 billion. Details of the potential merger were not clear and officials from the company declined comment or could not be reached. Bloomberg reports that it would be an all-stock transaction.
The Wall Street Journal reported Monday that talks could still fall apart. It would also be subjected to antitrust regulators. The reported talks come on the heels of the merger of France’s Air Liquide SA and Airgas, a $13 billion deal.
Full Content: The Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Former Pioneer CEO Accused of Colluding With OPEC: FTC Refers Case for Potential Criminal Probe
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Colorado Senate Rejects Bill Barring Rent-Setting Algorithms
May 2, 2024 by
CPI
Bayer Faces US Antitrust Suit Over Pet Meds Competition
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI