Praxair, Linde to merge, creating industrial gas giant – 2017

Praxair, Linde to merge, creating industrial gas giant

U.S. industrial gas giant Praxair and German industrial gas giant Linde said Tuesday that they had agreed to merge in a deal that would create a combined global entity with 2015 revenues of about $30 billion.

They described the accord as a “merger of equals,” with each company controlling half of the board seats on the new entity and their respective shareholders each holding 50% of the stock.

But Linde has more than double as many employees as Praxair — 65,000 to Praxair’s 26,700 as of the end of 2015 — and roughly 70% more revenue.

http://www.usatoday.com/story/money/2016/12/20/praxair-linde-merger/95645610/

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