Linde, Praxair boards approve $73 billion gases merger | Reuters
FRANKFURT Linde (LING.DE) and Praxair (PX.N) said their boards voted on Thursday to approve the $73 billion merger of the two industrial gases companies despite Linde labor opposition that had threatened to torpedo the deal.The all-share merger of equals is intended to create a market leader that will overtake France's Air Liquide (AIRP.PA), reuniting a global Linde group that was split by World War One a century ago.Linde's chairman, Wolfgang Reitzle, did not need to use his casting vote to get the deal approved by the German company's supervisory board, four sources familiar with the matter said after a roughly 10-hour meeting.
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| Reuters appeared first on Firstpost.