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4-Traders Homepage  >  Equities  >  Xetra  >  Linde Group (The)    LIN   DE0006483001

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Linde: More Than Half of Shares Tendered in Praxair Offer

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10/20/2017 | 04:39pm CEST
   By Max Bernhard 
 

Linde AG (>> Linde Group (The)) said Friday that 50.85% of its outstanding shares have been tendered by shareholders as part of an exchange offer tied to its planned merger with Praxair Inc.(>> Praxair, Inc.).

For the deal to go through shareholders must accept a tender offer for at least 75% of Linde's outstanding shares by Oct. 24 in exchange for shares in Linde PLC, a holding company.

Now that the exchange has passed 50%, stock market operator Deutsche Boerse AG (>> Deutsche Boerse) can replace Linde AG shares on the stock market with the Linde PLC shares. That in turn allows index funds to tender any Linde AG shares they hold, raising the likelihood of the merger's success.

The merged company would have a combined market value of $66.6 billion, making it the world's largest industrial gas company. Praxair shareholders have already approved the deal at a general meeting last month.

Write to Max Bernhard at [email protected]; @mxbernhard

Stocks mentioned in the article : Linde Group (The), Praxair, Inc., Deutsche Boerse
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Latest news on LINDE GROUP (THE)
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Financials (€)
Sales 2017 17 364 M
EBIT 2017 2 242 M
Net income 2017 1 218 M
Debt 2017 6 460 M
Yield 2017 2,21%
P/E ratio 2017 27,69
P/E ratio 2018 23,71
EV / Sales 2017 2,29x
EV / Sales 2018 2,16x
Capitalization 33 237 M
Chart LINDE GROUP (THE)
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Linde Group (The) Technical Analysis Chart | LIN | DE0006483001 | 4-Traders
Technical analysis trends LINDE GROUP (THE)
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 179 €
Spread / Average Target -0,10%
EPS Revisions
Managers
NameTitle
Aldo Belloni Chief Executive Officer
Wolfgang W. Reitzle Chairman-Supervisory Board
Sven Schneider Chief Financial Officer & Member-Executive Board
Andreas Opfermann Head-Technology & Innovation
Sandeep Sen Head-Group Information Services
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