The shareholders of Praxair, Inc. have approved the merger of Praxair, Inc. with Linde AG, with 83% of the total issued and outstanding shares of Praxair common stock voted to approve the business combination. This represents approximately 99% of the total votes cast at a special shareholders meeting.
This approval represents the achievement of an essential condition for the transaction to close. A further condition to closing is the acceptance of the exchange offer of Linde plc dated 15 August for at least 75% of the outstanding Linde AG shares.
The acceptance period for the exchange offer of Linde plc ends on 24 October. Other conditions to closing include the obtaining of antitrust approvals and the fulfilment of regulatory requirements. Praxair, Inc. and Linde AG expect the merger to be completed in 2H18.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/28092017/praxair-approves-linde-merger/