Praxair Inc. of the U.S. agreed to buy Linde AG for about 33.9 billion euros ($35.1 billion) to create the world’s largest supplier of industrial gases, three months after a previous attempt failed on concern over job losses in Germany.
Shares of Danbury, Conn.-based Praxair will be converted one for one into stock in a new company that will begin an offer to buy Munich-based Linde, the companies said Dec. 20 in a statement. Linde holders will receive stock that values the company at about 182.66 euros a share, according to data compiled by Bloomberg. That’s about 31 percent higher ...
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