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Linde, Praxair abandon merger talks

Deal between industrial gas makers hung up on governance details.

September 12, 2016   by ASSOCIATED PRESS

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.

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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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