Praxis and Linde Working on $60B Mega Merger

Share This Article
August 16, 2016 2:18pm NYSE:PX

oxygen-tanks-1536142-640x480Industrial gas supplier Praxair, Inc. (NYSE:PX) is in talks to merge with German peer Linde AG, in a move that would almost certainly fall under the scrutiny of antitrust regulators.

The Wall Street Journal originally reported the M&A rumor, and Praxair confirmed the potential merger via press release:

Praxair, Inc. (NYSE: PX) today confirmed that it is currently in preliminary discussions with Linde AG regarding a potential merger. These discussions are ongoing and there can be no assurance that they will result in a transaction, or on what terms any transaction may occur. Praxair does not intend to comment further at this time.

About Praxair

Praxair, Inc., a Fortune 300 company with 2015 sales of $11 billion, is a leading industrial gas company in North and South America and one of the largest worldwide. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Praxair products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, primary metals and many others. More information about Praxair, Inc. is available at

If completed, the deal would create an industrial behemoth with a $60 billion market cap. From

Linde has a strong position in healthcare gases in North America, while Praxair is more focused on industrial on-site production, which means a market share of close to 50% resulting from a merger should not spark opposition from U.S. anti-trust regulators, analysts said.

Baader Helvea analyst Markus Mayer said overlaps in the rest of the world could help generate synergies of up to 800 million euros in a merger.

Praxair shares rose $4.36 (+3.69%) to $122.39 in Tuesday afternoon trading. PX has now gained 20% year-to-date:

9 "MUST OWN" Growth Stocks For 2021

Read Next

Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular

7 Best ETFs for the NEXT Bull Market

Explore More from

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter. respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories