DSW trader team rejects Linde-Praxair merger supply

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German investors’ association DSW encouraged on Monday that shareholders in industrial gases team Linde not tender their shares in an trade supply for its prepared US$eighty billion merger with U.S. peer Praxair .

FILE Photo: Linde Group brand is seen at company’s plant in Munich-Pullach, Germany, August sixteen, 2016. REUTERS/Michaela Rehle/File Photo

BERLIN: German investors’ association DSW encouraged on Monday that shareholders in industrial gases team Linde not tender their shares in an trade supply for its prepared US$eighty billion merger with U.S. peer Praxair .

DSW said in a assertion that the supply was much too low.

“Why should really a Linde shareholder swap their shares, if they are mainly only currently being supplied the existing market value?” said DSW vice president Daniela Bergdolt. “Linde provides so numerous much more values to this merger. That should be taken into thought.”

The acceptance interval finishes at midnight on Oct. 24.

The prepared all-share merger will create a world wide leader to overtake France’s Air Liquide with a combined market value of US$eighty billion, income of US$28.seven billion and 88,000 employees.‍​

(Reporting by Alexander Huebner, composing by Emma Thomasson, enhancing by Louise Heavens)



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