Need Help? (888) 742-5060

In The News:

More From Mdm

Hydraulic Supply to Expand to Mexico

Praxair Asks Linde to Resume Merger Talks

Industrial gases company Praxair Inc. (NYSE: PX), Danbury, CT, said it has approached Linde AG about resuming discussions of a potential merger, but didn't comment further. The deal would create the largest gases supplier in the world with more than $30 billion in annual revenue.

The merger was first discussed in August, but shareholder representatives on Linde's supervisory board in September recommended ending the talks, a move agreed to by Linde's CEO.

"While the strategic rationale of a merger has been principally confirmed, discussions about details, specifically about governance aspects, did not result in a mutual understanding," Linde noted in a statement.

If talks resume and the merger eventually happens, it would be another blockbuster deal for the gases & welding equipment sector, which saw Air Liquide complete its $10.3 billion acquisition of Airgas Inc. in May.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center