Linde, Praxair abandon merger talks
Deal between industrial gas makers hung up on governance details.
Industrial gas makers Linde AG and Praxair, Inc. have abandoned their talks about a possible merger over governance details.
Tags: Linde, Praxair, industrial gases, manufacturing, merger
Linde, Praxair abandon merger talks
Deal between industrial gas makers hung up on governance details.
The Associated Press
BERLIN — Industrial gas makers Linde AG and Praxair, Inc. have abandoned their talks about a possible merger.
The two companies had announced preliminary talks in mid-August. Munich-based Linde said that “while the strategic rationale of a merger has been principally confirmed, discussions about details, specifically about governance aspects, did not result in a mutual understanding.”
Praxair, based in Danbury, Conn., issued a brief statement in which it “confirmed that its preliminary discussions with Linde AG regarding a potential merger have terminated.”
The companies sell gases used in a wide range of applications including manufacturing, food processing and the oil and gas industry.
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