Praxair, Inc. Confirms Preliminary Talks about a Potential Merger with Linde AG
August 16 2016 - 10:20AM
Business Wire
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
www.praxair.com.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160816005814/en/
Media and InvestorPraxair InvestorKelcey Hoyt,
Praxair, Inc.kelcey_hoyt@praxair.com+1 203 837 2118orPraxair
MediaLisa Esneault, Praxair,
Inc.lisa_esneault@praxair.com+1 203 837 2448orKal Goldberg /
Chris Ryall, Finsbury (U.S.)kal.goldberg@finsbury.com /
chris.ryall@finsbury.com+1 646 805 2823orAlex Seiler, Hering
Schuppener (Germany)aseiler@heringschuppener.com+49 69 9218
7454
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