Munich: Finalising a merger with Praxair is likely to take “several months”, the chief executive of Linde said in a letter to a shareholder association, reiterating he saw no need to ask shareholders to vote on the $65 billion deal. German industrial gases group Linde and US rival Praxair announced in December their intention to merge to create a global leader, saying at the time they expected to execute a definitive business combination agreement “as soon as possible” in the coming months. In a letter to German retail-shareholder association DSW filed with the US Securities and Exchange Commission, Linde CEO Aldo Belloni rejected criticism he was not informing shareholders sufficiently about the progress of discussions with Praxair.
Praxair merger likely to take several months — Linde CEO
German industrial gases group Linde and US rival Praxair announced in December their intention to merge to create a global leader