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Linde gets 90 percent shareholder backing for Praxair merger

Published 24/11/2017, 18:56
© Reuters. Linde Group headquarters is pictured in Munich
LING
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Praxair Inc
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FRANKFURT (Reuters) - Industrial gases group Linde (DE:LING) said on Friday it had received approval from 90 percent of its shareholders for its planned $80 billion (£60.02 billion) tie-up with Praxair (N:PX).

If the merger completes, Linde would be in a position to initiate a so-called squeeze-out of minority shareholders under German law, Linde said in an update on the merger as required under stock exchange rules.

© Reuters. Linde Group headquarters is pictured in Munich

It said that no decision with respect to such a squeeze-out had yet been taken. The deal is subject to regulatory approvals.

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