Linde Announces Status Of Clearance Proceedings For Merger With Praxair

(RTTNews) - Linde Ag (LDE.L, LNAGF.PK) confirmed that Praxair, Inc. and Linde aligned on 1 October 2018 with the staff of the U.S. Federal Trade Commission regarding the required sales of business activities in the United States and related commitments and that such remedy package has been submitted to the FTC Commissioners for their decision.

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.

A successful completion of the business combination is, in addition, subject to the timely receipt of the required buyer approval by the European Commission.