Upcoming AWS Coverage on Sociedad Química y Minera de Chile Post-Earnings Results

LONDON, UK / ACCESSWIRE / December 1, 2016 / Active Wall St. blog coverage looks at the headline from Praxair, Inc. (NYSE: PX) as the company reportedly approached Germany's Linde AG on November 29th, 2016, regarding a possible merger, following which shares of Linde surged sharply on November 30th, 2016. This merger could lead to the creation of an exclusive $60 billion industrial gas firm, and seemingly, the world leader in the sector. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Praxair's competitors within the Chemicals - Major Diversified space, Sociedad Química y Minera de Chile S.A. (NYSE: SQM), reported on November 23, 2016, earnings for the nine months ended September 30, 2016. AWS will be initiating a research report on Sociedad Química y Minera de Chile in the coming days.

Today, AWS is promoting its blog coverage on PX; touching on SQM. Get all of our free blog coverage and more by clicking on the links below:

http://www.activewallst.com/registration-3/?symbol=PX

http://www.activewallst.com/registration-3/?symbol=SQM

The gas-producer merger

According to people familiar with the news, Praxair approached Linde last week in the anticipation that negotiations could be rekindled. The merger if executed would lead to a 50/50 ownership for the two entities, where Praxair's Chairman, Steve Angel, would act as the leader of the collaboration. Their headquarters would possibly be based at Praxair's headquarters in Danbury, Connecticut.

Praxair, now one of the leading industrial gas firms, was a subsidiary of Linde initially. Praxair was founded as an extension of Linde's American business. However, by World War I, the company grew at a pace strong enough to lead even its parent firm. Later, Linde Air Products was acquired by Union Carbide Corp. and was named Praxair in 1992. Praxair now boasts 26,000 employees with a pan-nation presence in over 50 countries.

In May 2016, a merger of the rival companies led to a consolidation in the industry, already suffering from sluggish economic growth. On May 23, 2016, Air Liquide S.A. bought Airgas, Inc., for about $10 billion in cash, and hence enabled it to reclaim the top spot with annual revenue of over $20 billion.
Linde, the primary producer of industrial and medical gases for chemical producers, had bagged the No. 1 spot from Air Liquide with a $14 billion acquisition of BOC PLC in 2006. This merger, with Praxair, could help it regain the spot while earning more than $30 billion in returns.

A merger subject to stalled conversations

This initiative from Praxair regarding a merger is not the first one of its type. On September 12, 2016, Linde AG terminated the preliminary collaboration talks with Praxair Inc. According to Linde, the strategic part of the merger had been agreed upon, but further discussions about details such as Governance aspects led to failure in mutual understanding, and hence, the termination.

The Munich-based Linde was insecure with the plan to shift its European headquarters to the U.S., and hence, the merger was declined even before the financial details were discussed. Well, this combination of Linde and Praxair could create a world leader in the industrial-gas producing firm. Linde reportedly has a restructuring program in place to slash costs by $393 million from 2019. This merger could help meet the current cost pressure and let the firm focus on a growth spree.

The possible merger is set to garner an additional $1 billion in annual cost savings with several other synergies to the collaboration.

Stock Performance

Praxair's share price finished yesterday's trading session at $120.30, slipping 1.54%. A total volume of 2.11 million shares exchanged hands, which was higher than the 3 months average volume of 1.22 million shares. The stock has advanced 10.22% and 10.28% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the company have surged 19.87%. The stock is trading at a PE ratio of 22.79 and has a dividend yield of 2.49%.

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SOURCE: Active Wall Street