|Bid||0.00 x 800|
|Ask||0.00 x 1100|
|Day's Range||161.60 - 165.93|
|52 Week Range||140.00 - 169.75|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||34.15|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||3.30 (1.98%)|
|1y Target Est||172.75|
Moody's Investors Service said today that Praxair Inc.'s announced clearance from the US Federal Trade Commission ("FTC") to complete its proposed merger with German industrial gas company Linde. Headquartered in Danbury, Conn., Praxair is a leading global supplier of industrial gases. Praxair generated $11.9 billion of revenue and about $4 billion of EBITDA (including our standard analytical adjustments) for the twelve months ended 30 June 2018.
On October 22, the FTC (Federal Trade Commission) provided conditional approval of the merger of Praxair (PX) and Linde AG. It said the two companies can’t combine their commercial operations until certain US-based assets are divested. Linde is expected to complete the divestiture by January 29, 2019.
PPG Industries’ (PPG) Industrial Coatings segment is the company’s second reporting segment. It represented 40% of PPG’s total revenue in Q3 2018 compared to 39.4% in Q3 2017. It reported revenue of $1.53 billion, an increase of 2.8% over Q3 2017 with reported revenue of $1.49 billion.
While the Nasdaq ended the day with a gain, it still closed below its 200-day moving average line. Advanced Micro Devices (NASDAQ:AMD) was a big part of the reason the Nasdaq Composite was able to log a respectable gain yesterday. Rather, it’s stock charts of Western Union (NYSE:WU), Praxair (NYSE:PX) and Activision Blizzard (NASDAQ:ATVI) that offer the most potential to anyone looking for some action.
Although it’s a meager revenue growth, PPG had a trend reversal for third-quarter revenues. On the other hand, the slowdown in some of its business and unfavorable foreign currency had an adverse impact on PPG’s revenue. The acquisition will complement its automotive refinishing business and could help improve its revenue growth.
Stocks were mixed in midday trading Monday, as investors digested earnings results and the latest moves by the Chinese government to bolster the economy.
Industrial gases groups Praxair and Linde won U.S. antitrust approval for their $86 billion merger on Monday, clearing the last hurdle for the deal in the nick of time. Shares in Linde jumped 4 percent, while Praxair shares were up 2.4 percent at 1335 GMT. The U.S. Federal Trade Commission said on Monday that the companies would have to divest assets in nine industrial gases product markets in United States as part of a settlement that resolves antitrust charges.
The Federal Trade Commission said Monday it approved the deal on the condition that Linde and Praxair sell assets to resolve concerns that the combination would otherwise hurt competition. The disposals pushed Linde to lower its outlook for cost savings from the tie up, pledging between $1.1 billion and $1.2 billion over three years compared with $1.2 billion previously, according to a statement. Praxair stock jumped 3.5 percent in New York.
Linde said that the U.S. Federal Trade Commission has conditionally approved its merger with Praxair, removing the last hurdle to the companies’ yearslong pursuit of a tie-up.
GUILDFORD, United Kingdom-- -- Creates leading industrial gas company, with a market capitalization of approximately USD 90 billion Leverages unique strengths of each company: Linde AG’s long-standing leadership in engineering and technology with Praxair’s operational excellence Establishes strong, complementary positions in all key geographies and end-markets, creating a more diverse and balanced ...
Praxair, Inc. (PX) today announced that the final closing conditions for the merger of equals between Praxair and Linde AG (LINU.F)(LIN.F) were satisfied after the European Commission approved the buyer of Praxair’s divestment business in Europe and the Federal Trade Commission (FTC) provided merger clearance of the business combination in the United States. Under the terms of an agreement with the FTC, neither Linde AG nor Praxair will integrate any of their commercial operations until certain U.S. based assets are divested. The new Linde plc shares are expected to start trading on the New York Stock Exchange (NYSE) and the Frankfurt Stock Exchange under the ticker symbol “LIN”.
Praxair's (PX) third-quarter 2018 results likely to be impacted by currency headwind, inflation, as well as rising freight and logistics costs.
Praxair (PX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Linde said on Thursday it had no knowledge of its planned merger with Praxair being given the green light, denying a media report which said the deal had passed anti-trust hurdles in the United States. ...
Investing.com – U.S. futures pointed to lower opening bell as the Federal Reserve looks poised to continue gradually increasing interest rates.The S&P 500 futures fell 9 points or 0.33% to 2,807.0 as of 6:50 AM ET (10:50 GMT) while Dow futures were down 69 points, or 0.27%, to 25,667.0. Meanwhile tech heavy Nasdaq 100 futures decreased 32 points, or 0.44%, to 7,281.0.The hawkish Fed minutes released on Thursday showed that while the central bank had some doubts about the economy, it still planned to gradually increase interest rates in December and possibly beyond. ...
Industrial gases group Praxair and Linde are set to win U.S. antitrust approval for their planned $86 billion merger, clearing the last major hurdle for the deal, German monthly Manager Magazin reported. The Praxair board has been given verbal assurance by the U.S. Federal Trade Commission (FTC) that the conditional go-ahead was imminent, and the ruling will be issued in writing in the next few days, the magazine said on its website, without specifying its sources. Linde, which declined to comment, had said on Monday it had agreed with FTC staff on remedies to secure approval but that the package was still under review by FTC's top-level commissioners.
Wall Street analysts expect PPG Industries (PPG) to post an adjusted EPS of $1.45 for the third quarter, which reflects a decline of 4.6% YoY (year-over-year). In the third quarter of 2017, the company’s adjusted EPS was reported at $1.52. The projection indicates the continued decline in PPG Industries’ third-quarter adjusted EPS since 2015.
The company is considering alternative sites in Louisiana and says it would need tax incentives to move forward in Texas.
Industrial gases maker Linde said on Monday it had completed work with the staff of the U.S. Federal Trade Commission (FTC) on remedies to secure approval for the proposed merger with Praxair and that the package had been submitted to the FTC's Commissioners. "A successful completion of the business combination requires that the FTC approve the proposed sales and commitments and provide clearance by the end of 24 October 2018 CEST," Linde said in a statement.
Remaining holders -- those who didn’t agree to accept stock in the new combined company -- will be paid 188.24 euros a share in cash if the deal goes through, the Munich-based company said in a statement Monday. About 8 percent of Linde shares weren’t tendered and the compensation value was determined by an outside expert, the company said. Linde shares rose 1.5 percent in Frankfurt trading to 205.50 euros at 5:15 p.m. in Frankfurt, while untendered shares jumped 5.1 percent to 183 euros.
NEW YORK, Oct. 11, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
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 South Korea subject to certain conditions, satisfying a closing condition (Regulatory Condition – South Korea). 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.
“While the parameters of what defines a long-term-focused company are still somewhat squishy, the limited evidence so far suggests that they make better investments too,” wrote Fortune’s Clifton Leaf. S&P Dow Jones Indices’ October 2017 report, Long-Termism: Index Impossible?, looked at the S&P Long-Term Value Creation (LTVC) Global Index, an index created to hold mid- and large-size companies that embody long-termism, which is the idea of making decisions based on a sustainable future-oriented perspective. If it’s got anything to do with water there’s a good chance that Xylem Inc (NYSE:XYL) is involved in some capacity.