Hints and tips:
...Industrial gas supplier Praxair and airline JetBlue were among the other companies issuing debt on Monday, contributing to a total of $17.4bn of issuance, according to Refinitiv....
...Mr Bruch says the success of the programme will also inform how Linde measures the cultural integration of its merger with Praxair, completed last year....
...Praxair did not immediately respond to requests for comment....
...The claims have cast uncertainty over an auction of US businesses that Linde and Praxair are divesting as a result of their €70bn merger....
...Brussels has cleared the $80bn merger between Linde, the German chemicals group, and its US rival Praxair after concessions, a milestone in a deal that would create the world’s largest industrial gas supplier...
...Praxair could not be reached for comment. Linde, Praxair, Air Liquide and Air Products, are the four global suppliers of industrial, speciality and medical gases....
...Praxair shares were down 6.5 per cent in pre-market US trading....
...Praxair’s European operating margin of 19 per cent is more than double that of its Japanese rival, which has no foothold in Europe yet....
...Germany’s Linde and Praxair of the US are in advanced discussions to sell a large chunk of assets in the Americas to CVC and Messer, Linde said on Thursday....
...The latest deal is contingent on the Linde-Praxair merger, announced in June 2017, being approved....
...Linde, which is planning to merge with US rival Praxair in the second half of this year, said revenues fell by 7.8 per cent from a year ago to €4.04bn....
...Brussels has launched an in-depth probe into the $80bn tie-up between Linde, the German chemicals group, and its US rival Praxair, citing concerns over the deal hurting competition in the supply of gases...
...The biggest suppliers of liquid CO2 include Praxair, Linde, Messer and Air Liquide....
...(FT) News Round-up Linde-Praxair $80bn megamerger faces fresh hurdles (FT) DoJ says AT&T ruling defied ‘fundamental economic logic’ (FT) Packaging group Amcor to acquire US rival Bemis for $6.8bn (FT...
...Hopes are high Linde and Praxair will merge by the second half of next year. Linde shares have risen 25 per cent this year, while Praxair is up 30 per cent....
...The group booked a one-time charge of €277m related to its efficiency programme and the planned merger with Praxair....
...acquisition of Irish drugmaker Shire Renesas’s purchase of US rival chipmaker Integrated Device Technology for $7.2bn Taiyo Nippon Sanso’s bid for the European assets of US industrial gases group Praxair...
...To show how determined it is to buy Akzo's unit Apollo has even pulled out of any major European chemicals auctions, including Linde-Praxair's disposal of assets....
...Neither Praxair nor Linde workers there will get a say on whether the deal proceeds....
...Linde’s supervisory board has signed off on a merger with US rival Praxair, combining forces to create the world’s largest supplier of industrial gases....
...Linde, the German chemicals group in the process of being tied up with US rival Praxair, reported a sharp drop in operating cash flow in the first half of the year....
...Shares in Linde closed up 2.83 per cent, while Praxair in New York had risen 2.89 per cent by lunchtime....
...Shares of Linde rose 3.4 per cent in afternoon trading, while Praxair shares in New York are up 2.4 per cent....
...Linde and Praxair have already failed in their efforts to merge once. A first round of talks collapsed in September over personnel issues and the site of the headquarters....
...Talks resumed in November when Praxair chief executive Steve Angel pledged to give more support to German workers, leading to job guarantees through 2021....
International Edition