|Day's Range||129.41 - 133.68|
|52 Week Range||106.31 - 133.68|
|PE Ratio (TTM)||24.86|
|Earnings Date||Jul 26, 2017 - Jul 31, 2017|
|Dividend & Yield||3.15 (2.43%)|
|1y Target Est||1.60|
U.S. industrial gas supplier Praxair and Germany's Linde have agreed to the terms of a $70 billion merger. It's one of several big chemicals deals in the works.
Praxair, Inc. today confirmed that it has reached agreement in principle on the terms and conditions of a Business Combination Agreement with Linde AG pursuant to which the companies would combine their businesses in a merger of equals under a new holding company through an all-stock transaction, consistent with the transaction structure that the companies announced on December 20, 2016.
German industrial gases group Linde (LING.DE) and U.S. peer Praxair (PX.N) have reached a deal in principle on details of their proposed $70 billion merger, Linde said on Wednesday. The agreement still needs the approval of Praxair's board of directors as well as Linde's management and executive boards, Linde said, adding that signing the agreement was no guarantee the deal would be completed. Labor representatives at Linde fiercely oppose the planned merger, mainly because moving the headquarters outside Germany will dilute their influence, which currently gives them an effective veto over strategic decisions.