Praxair, Inc. Confirms Company Has Approached Linde AG about Resuming Discussions Regarding a Potential Merger
November 29 2016 - 4:00PM
Business Wire
Praxair, Inc. (NYSE: PX) today confirmed that the company has
approached Linde AG about resuming discussions regarding a
potential merger. There can be no assurance that this will result
in a transaction, or on what terms any transaction may occur.
Praxair does not intend to comment further at this time.
Forward-looking Statements
This document contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
These statements are based on management’s reasonable expectations
and assumptions as of the date the statements are made but involve
risks and uncertainties. These risks and uncertainties include,
without limitation: the performance of stock markets generally;
developments in worldwide and national economies and other
international events and circumstances; changes in foreign
currencies and in interest rates; the cost and availability of
electric power, natural gas and other raw materials; the ability to
achieve price increases to offset cost increases; catastrophic
events including natural disasters, epidemics and acts of war and
terrorism; the ability to attract, hire, and retain qualified
personnel; the impact of changes in financial accounting standards;
the impact of changes in pension plan liabilities; the impact of
tax, environmental, healthcare and other legislation and government
regulation in jurisdictions in which the company operates; the cost
and outcomes of investigations, litigation and regulatory
proceedings; the impact of potential unusual or non-recurring
items; continued timely development and market acceptance of new
products and applications; the impact of competitive products and
pricing; future financial and operating performance of major
customers and industries served; the impact of information
technology system failures, network disruptions and breaches in
data security; and the effectiveness and speed of integrating new
acquisitions into the business. These risks and uncertainties may
cause actual future results or circumstances to differ materially
from the GAAP or adjusted projections or estimates contained in the
forward-looking statements. The company assumes no obligation to
update or provide revisions to any forward-looking statement in
response to changing circumstances. The above listed risks and
uncertainties are further described in Item 1A (Risk Factors) in
the company’s latest Annual Report on Form 10-K filed with the SEC
which should be reviewed carefully. Please consider the company’s
forward-looking statements in light of those risks.
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 www.praxair.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161129006283/en/
Media and Investor ContactsPraxair Investor
ContactPraxair, Inc.Juan Pelaez, +1 203 837
2213juan_pelaez@praxair.comorPraxair Media
ContactsPraxair, Inc.Lisa Esneault, +1 203 837
2448lisa_esneault@praxair.comorFinsbury (U.S.)Kal
Goldberg, +1 646 805
2823kal.goldberg@finsbury.comorHering Schuppener
(Germany)Alex Seiler, +49 69 9218
7454aseiler@heringschuppener.com
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