|Bid||166.40 x 3000|
|Ask||0.00 x 800|
|Day's Range||165.75 - 167.95|
|52 Week Range||136.30 - 168.54|
|PE Ratio (TTM)||34.64|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||3.30 (2.10%)|
|1y Target Est||175.40|
U.S. industrial gas maker Praxair rose after a Reuters report that its German counterpart Linde will sell assets to secure U.S. antitrust approval for the pair's merger. Julia Sun reports.
Aug.22 -- Linde AG's $45 billion merger with Praxair Inc. is in jeopardy after feedback from the U.S. Federal Trade Commission that would require the pair to breach a self-imposed threshold for disposals. Bloomberg's Benedikt Kammel reports on "Bloomberg Markets: European Close."
CVC and Messer Group to buy additional assets worth $200 million in order to comply with U.S. antitrust approval for the pending Praxair (PX) and Linde merger.
Stocks that moved substantially or traded heavily on Wednesday: AutoNation Inc., up 82 cents to $43.91 CEO Mike Jackson is departing after almost two decades leading the nation's largest auto dealership ...
Caterpillar and Walgreens lead the Dow in a mixed start Wednesday, Netflix received a price target hike and Tilray tripped (yet another) cannabis rally.
Linde AG and Praxair Inc. are inching closer to U.S. antitrust approval for their $45 billion merger as a consortium of Messer Group GmbH and CVC Capital Partners is set to buy additional assets to allay antitrust concerns, people familiar with the matter said. Marketing for meetings in London on Wednesday now includes an extra three air-separation plants, a liquid-argon contract, a carbon dioxide facility and two depots, said the people. Representatives of Linde, Praxair and Messer declined to comment.
Moody's Investors Service ("Moody's") assigned first-time ratings to Messer Industries GmbH ("Messer Industries"), including a B1 Corporate Family Rating ("CFR") and B1 ratings to proposed $2.85 billion Senior Secured Term Loans. Proceeds will be used to help fund the acquisition of industrial gas assets subject to regulatory-driven divestiture by Linde AG.
On September 10, Air Products and Chemicals (APD) announced that Samsung Electronics awarded the company with a contract to supply additional gaseous nitrogen and hydrogen to its plant in Giheung, South Korea. Air Products and Chemicals has been supplying gases to Samsung Electronic’s Giheung site since 1998. The additional order will help Air Products and Chemicals increase its strength in the region. However, Air Products and Chemicals didn’t disclose any of the deal’s financial aspects.
Praxair, Inc. (PX) was again recognized by the Dow Jones Sustainability Index (DJSI) as a world leader in sustainable industrial practices. The company was named to DJSI’s World and North American Indices and is the only U.S.-based firm in the chemical sector to be selected for those indices for 16 consecutive years. Additionally, Praxair’s overall ranking at the 99th percentile among all chemical companies is – the company’s best ever result.
On September 12, Dow Chemical, part of DowDuPont (DWDP), announced debottlenecking and capacity expansion plans in its silicones business. The company intends to meet the growing demand in end markets like electrical, consumer goods, performance building, and home and personal care. However, Dow Chemical didn’t specify the financial aspects of the investment.
On September 11, Air Products and Chemicals (APD) announced that it plans to increase its hydrogen capacity to meet the growing demand. The company announced its plans to build a new liquid hydrogen plant in La Porte, Texas, which is expected to be online by 2021. Air Products and Chemicals (APD) noted that the new plant could produce ~30.0 tons of hydrogen per day.
The new Dow will include three verticals: consumer care, infrastructure, and packaging. DWDP expects form ten to be effective in Q1 2019, which is close to the separation date. Jim Fitterling, CEO of the new Dow, said, “The Form 10 is a significant step towards the creation of the new Dow – the world’s leading materials science company.
In accordance with the exchange offer document published on August 15, 2017, Linde plc announced today that the proposed business combination between Praxair, Inc. (PX) and Linde AG (LIN.DE) received antitrust clearance in India subject to certain conditions, satisfying a closing condition (Regulatory Condition – India). Linde plc is a public limited company formed on April 18, 2017, that will become the parent company of Praxair, Inc. and Linde AG upon the completion of the business combination.
The FTSE4Good Index measures the performance of companies that demonstrate strong environmental, social, and governance (or ESG) practices. On August 25, DowDuPont (DWDP) announced that it had been named as a part of the FTSE4Good Index Series. This index acts as a benchmark for sustainable investment and helps investors to identify companies that are environmentally and socially sustainable.
Strong backlog, new order wins and focus on capital allocation to drive Praxair's (PX) performance in the near term despite certain challenges.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to start learning about core conceptsRead More...
Industrial gases groups Linde and Praxair won conditional antitrust approval in Brazil for their planned merger after committing to asset sales, Linde said on Thursday. Linde will sell its entire business in Brazil, subject to merger completion, a spokesman said.
In accordance with the exchange offer document published on August 15, 2017, Linde plc announced today that the proposed business combination between Praxair, Inc. (PX) and Linde AG (LIN.DE) received antitrust clearance in Brazil after the purchaser of the divestment business in Brazil was approved by the competition authority, satisfying a closing condition (Regulatory Condition – Brazil). Linde plc is a public limited company formed on April 18, 2017, that will become the parent company of Praxair, Inc. and Linde AG upon the completion of the business combination.
Linde AG's $45 billion merger with Praxair Inc. is in jeopardy after feedback from the U.S. Federal Trade Commission that would require the pair to breach a self-imposed threshold for disposals. Bloomberg's ...
Industrial gases giants Linde and Praxair are in talks to try to salvage their $83 billion merger after U.S. competition regulators demanded they sell assets that generate more than $4.3 billion in sales. Linde said on Wednesday the divestments were expected to reach a level that would allow either party to abandon the deal, although the German company added that talks continued with both Praxair and regulators. Linde and U.S.-based Praxair agreed an all-share merger in principle in December 2016, aiming to create a global leader in gas distribution ahead of France's Air Liquide, which had also bulked up with the takeover of rival Airgas.