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Reuters: Linde-Praxair merger narrows in favor of strategic bidders

Published 06/08/2018, 05:04 PM
© Reuters.  Reuters: Linde-Praxair merger narrows in favor of strategic bidders
Praxair Inc
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  • Praxair (NYSE:PX) and Linde (OTCPK:LNEGY) have narrowed the bidding pool for the $4B-plus worth of assets they are jointly selling, in a move that will favor Japan's Taiyo Nippon Sanso, Reuters reports.
  • A joint bid by P-E fund CVC Capital Partners and gases company Messer Group may still be on the table, while P-E investors Carlyle Group (NASDAQ:CG), Onex (OTCPK:ONEXF) and Blackstone (NYSE:BX) may only submit offers for the U.S. operations, according to the report; final bids are due Monday.
  • The industrial gas companies want strategic buyers for European operations to help win antitrust approval for their planned $80B merger.
  • Now read: Canadian Dividend All-Stars Expected To Announce Dividend Increases - Week Of May 14


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